Us old farts in overalls built all kinds of things and the suits just take it all away by taxing us to death. And after death. And no, China nor any other foreign country should own a speck of any land or business in America.
No, no, no to the Chinese should own no American farmland item. It is as wrong as my fellow Canadians screaming about Americans owning so much Canadian oil and gas producing land.
If foreigners can do better than the locals with the land, let them.
But watch them and tax them at perhaps 20% more than locals would pay.
If there is war between China and the US what will the Chinese do, load the land into trucks and ship it to Shanghai? No, they'll lose it when the US seizes it as they did to German owned property in both world wars.
Ownership of US land by big cheese Chinese is actually a hedge against war. If Xi owns a bunch of US property do you think he is more or less likely to try to bomb it or lose it?
Worked for an real estate lawyer in Illinois. Still at that time they have on their books a law that a foreign person could buy land as long as they became a US citizen within 7 years. If they did not comply then the state could reclaim the property with no payment to the owner. Case of too bad so sad. We have our laws.
Put it here ... I can't wait to read it. I have the Captcha turned OFF but blogger insists it be there. You should be able to bypass it.
** Anonymous, please use a name at the end of your comment. You're all starting to look alike.
*** Moderation has been added due to Spam and a Commenter a little too caustic. I welcome comments, but talk of killing and racist (or even close to racist) are not welcome.
Lefties love it here in this fascist, racist, sexist, homophobic (not even a real word) country.
ReplyDeleteedutcher, no one will really leave except the purple haired soccer girl. I hear she already left.
DeleteUs old farts in overalls built all kinds of things and the suits just take it all away by taxing us to death. And after death. And no, China nor any other foreign country should own a speck of any land or business in America.
ReplyDeletePaul V, EXACTLY!
DeleteNo, no, no to the Chinese should own no American farmland item. It is as wrong as my fellow Canadians screaming about Americans owning so much Canadian oil and gas producing land.
ReplyDeleteIf foreigners can do better than the locals with the land, let them.
But watch them and tax them at perhaps 20% more than locals would pay.
If there is war between China and the US what will the Chinese do, load the land into trucks and ship it to Shanghai? No, they'll lose it when the US seizes it as they did to German owned property in both world wars.
Ownership of US land by big cheese Chinese is actually a hedge against war. If Xi owns a bunch of US property do you think he is more or less likely to try to bomb it or lose it?
iOpener, lots of good Questions I don't have answers to.
DeleteIf you see Mounties afoot, are they called Royal Canadian Unmounted Police? Asking cause I can.
ReplyDeleteAnon, another very good question. You guys crack me up. Keep em coming.
DeleteWorked for an real estate lawyer in Illinois. Still at that time they have on their books a law that a foreign person could buy land as long as they became a US citizen within 7 years. If they did not comply then the state could reclaim the property with no payment to the owner. Case of too bad so sad. We have our laws.
ReplyDeleteAnon, good law.
DeleteNo such law.
Deletehttps://globalaffairs.org/commentary-and-analysis/blogs/chicagoglobal/why-are-foreign-investors-buying-land-illinois-and-what-does-it-mean
iOpener, Oh OK.
Delete