General Discussion

erronis

(21,601 posts)

30. Have we always paid fair compensation when assets were seized?

Tue Mar 11, 2014, 08:44 PM

Mar 2014

(I'm not following you around today but your points seem a convenient hook for my current vibe.)

I know that we've had some nationalized companies in the past (WW2), auto bailouts, FNMA/etc (stretching it). If the political will was there it would be possible to nationalize companies/industries.

I don't buy the rhetoric that we'd have to rehire the employees. Most of them are probably more willing to work for a boss with transparent objectives than a boss who is out to steal the assets of the company and then dump it into the bankruptcy heap.

Actually, you just gave me a great idea!

How about we set up a Bain-like entity that went around sucking the life out of companies and then leaving them for the government to pick up, pennies on the dollar? Executives wouldn't get golden parasites (bankruptcy). This entity would actually be a lending arm of some federal bank. Win-win!

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

154 replies

= new reply since forum marked as read

Highlight:

Why can't we have nice things like this? [View all] Scuba Mar 2014 OP

Yer darn tootin'! This is America, Pal. And we are damn proud of our military, quinnox Mar 2014 #1

We should have both. PhilSays Mar 2014 #2

All we need to do is claw it back from the billionaires Warpy Mar 2014 #5

What do you mean we? WHEN CRABS ROAR Mar 2014 #15

We don't NEED both. pangaia Mar 2014 #32

We don't need the bloated military we've wasted trillions on. Arugula Latte Mar 2014 #98

Can't allow the hoi polloi to travel affordably, yunno Cirque du So-What Mar 2014 #3

Hey, if ya can't afford your own jet, you DESERVE to ride with the riffraff. Jackpine Radical Mar 2014 #45

Huge K&R! hrmjustin Mar 2014 #4

Two words: Brigid Mar 2014 #6

I hope you meant "fucking" as an adjective. Scuba Mar 2014 #7

Now that's just cruel! thucythucy Mar 2014 #12

I thought you were talking about Austrians demwing Mar 2014 #16

You should see this town's Wikipedia page jmowreader Mar 2014 #31

ROFLMAO ... yuiyoshida Mar 2014 #81

I think you can appreciate this one jmowreader Mar 2014 #83

I have heard it before,...Thanks! yuiyoshida Mar 2014 #84

Hey, cool Art_from_Ark Mar 2014 #151

I know right? yuiyoshida Mar 2014 #152

I've read it's the case that sign is set in concrete to prevent thievery. Probably so. kairos12 Mar 2014 #48

I agree but I am not sure how that would "satisfy" him. just sayin'. nm rhett o rick Mar 2014 #69

I did. Brigid Mar 2014 #23

It was worth it! nt thucythucy Mar 2014 #144

And if any country needs high speed trains it's the USA npk Mar 2014 #8

Not really. Nye Bevan Mar 2014 #14

Yes really AlbertCat Mar 2014 #18

Nye has it correct. Most people don't want to take three days by rail to get where they need to Ikonoklast Mar 2014 #139

It takes 3 days now, with Amtrak. cui bono Mar 2014 #141

Indeed AlbertCat Mar 2014 #147

the first transcontinental railroad and others were built over people's property WHEN CRABS ROAR Mar 2014 #21

Are you saying that respecting private property rights... Lost_Count Mar 2014 #54

Not at all, just pointing out history. WHEN CRABS ROAR Mar 2014 #107

Public good supercedes private greed. We call it eminent domain. aquart Mar 2014 #153

WE (royal we) seem to be able to do anything WE want erronis Mar 2014 #28

yep - "we" don't seem to have a problem building a pipeline on people's property do we ?! Locrian Mar 2014 #110

While I agree on seizing property NewJeffCT Mar 2014 #41

The big problem with many of those routes is that you need a car to get to the station Nye Bevan Mar 2014 #46

Fortunately we all have an airport within walking distance of our homes. Scuba Mar 2014 #55

hah! pothos Mar 2014 #75

A+ ForgoTheConsequence Mar 2014 #78

With visionaries like this in the Democratic Party, who needs Republicans? Maedhros Mar 2014 #111

Dont forget California quakerboy Mar 2014 #80

I really, really, really, really want to ride on one of those trains some day.. yuiyoshida Mar 2014 #82

I would have included California NewJeffCT Mar 2014 #85

Last I read it was still being contested quakerboy Mar 2014 #145

Don't forget San Diego to LA, lots of people travel that route. WHEN CRABS ROAR Mar 2014 #108

High Speed from Atlanta to Nashville energumen Mar 2014 #109

OTOH, you can't fly a train into a building:) grahamhgreen Mar 2014 #65

This ^^^^^^^^^ treestar Mar 2014 #106

We need all the ground transportation we can get marions ghost Mar 2014 #114

The Northeast, the CA SD-LA-SF corridor, the great lakes region, Northwest Portland - Vancouver Warren Stupidity Mar 2014 #134

There's one primary point to this discussion that no one's mentioned ..... Plucketeer Mar 2014 #133

We could nationalize the petroleum and lumber industries. That alone would knock the Koch Cleita Mar 2014 #9

Well, those are OUR resources. Scuba Mar 2014 #10

They are and we need to reclaim them for our use. n/t Cleita Mar 2014 #40

Or at least get better royalties. Why are the Norwegians receiving four times the royalty as we? Scuba Mar 2014 #52

Yep, from Cheney who was taking his orders from Wall Street 1%ers. eom Cleita Mar 2014 #56

Scuba Diclotican Mar 2014 #120

Norway had a pro. Our side had literally coked-up shills, literally screwing Big Oil's whores ... Scuba Mar 2014 #121

Scuba Diclotican Mar 2014 #131

America would do well to study Norway. Scuba Mar 2014 #132

Scuba Diclotican Mar 2014 #137

You do realize, don't you, that when a company is nationalized fair compensation needs to be paid? Nye Bevan Mar 2014 #11

I'm Sure We Could Figure this all Out fascisthunter Mar 2014 #13

You do realize that at some point in the future our operating systems WHEN CRABS ROAR Mar 2014 #25

Have we always paid fair compensation when assets were seized? erronis Mar 2014 #30

Here's how you do it. Cleita Mar 2014 #39

As an alternative to government ownership there are always co-ops Jackpine Radical Mar 2014 #49

I agree. I actually once belonged to a telephone coop. It was so Cleita Mar 2014 #53

I belong to a power co-op, 2 credit unions, & a farm co-op. Jackpine Radical Mar 2014 #57

I think this how we take our government back and we start at a local Cleita Mar 2014 #58

Absolutely. Jackpine Radical Mar 2014 #61

We Don't Have to Renew Leases AndyTiedye Mar 2014 #72

When you throw in the taxes they should have been paying, but didn't... RC Mar 2014 #93

When we had to we put 2T on the table overnight. Warren Stupidity Mar 2014 #135

Now you're talking. mountain grammy Mar 2014 #42

It does. I have nothing against private companies doing the next step that is transporting Cleita Mar 2014 #44

We can't nationalize anything treestar Mar 2014 #64

Did anybody say anything about not paying some kind of reimbursement for Cleita Mar 2014 #66

The law here doesn't provide that treestar Mar 2014 #67

That's because the law is fucked up. We need to change those laws. Cleita Mar 2014 #68

Then nobody should own any land. treestar Mar 2014 #92

Believing in the commons, that certain things are commonly owned is not being Cleita Mar 2014 #95

How many feet down should people own the land they own? treestar Mar 2014 #100

So you would prefer that Chevron or Exxon gets it instead? Cleita Mar 2014 #101

Nonresponsive. treestar Mar 2014 #103

So let's start pushing them to pass a law. n/t Cleita Mar 2014 #104

How many miles out to sea do the people own? Cleita Mar 2014 #142

If your looking to the future and our rights to own the commons WHEN CRABS ROAR Mar 2014 #122

Private companies are already looking into commandeering fresh water resources, not only Cleita Mar 2014 #124

They are more than just looking into commandeering fresh water, WHEN CRABS ROAR Mar 2014 #129

I agree. It's how to get the PTB to do it. eom Cleita Mar 2014 #140

IF you own the mineral rights. maddiemom Mar 2014 #96

We already own the land. jeff47 Mar 2014 #97

You mean like Little george did for his baseball stadium? RC Mar 2014 #94

Not at all familiar with the seizure of assets from US citizens of Japanese descent, are you? mbperrin Mar 2014 #99

Is that the radiated carrier? dixiegrrrrl Mar 2014 #17

I see from the comments AlbertCat Mar 2014 #19

HSRail is electric.... and worse, socialist ErikJ Mar 2014 #20

+1 well said lunasun Mar 2014 #26

HUGE K & R !!! - Thank You !!! WillyT Mar 2014 #22

Why? We're sending our money overseas. 840high Mar 2014 #24

Because the 1% owns all your government. nt Zorra Mar 2014 #27

Civilization... bvar22 Mar 2014 #29

Bingo! And don't forget the tax money we're not getting from these. valerief Mar 2014 #33

^^^ marions ghost Mar 2014 #116

That, and the fact that we at least nominally respect labor and environmental rules. Brickbat Mar 2014 #34

K&R! This post should have hundreds of recommendations! Enthusiast Mar 2014 #35

Nail....Head.... Junkdrawer Mar 2014 #36

What distinguishes our civilization is the inability to change. zeemike Mar 2014 #37

Those high speed trains are pretty comfortable, too NewJeffCT Mar 2014 #38

Are you sure about that combination of times and stops? muriel_volestrangler Mar 2014 #43

pretty sure NewJeffCT Mar 2014 #50

We have, I believe, fifteen nuclear-powered Super Carriers now . . . another_liberal Mar 2014 #47

Well no wonder we need more! Scuba Mar 2014 #59

We are most definitely still building them. another_liberal Mar 2014 #60

Ten. A HERETIC I AM Mar 2014 #62

The rest of the World . . . another_liberal Mar 2014 #87

I think it's only 10 in service but we have 3 under construction. rhett o rick Mar 2014 #71

Thank you for posting this! That's exactly why. nt Sarah Ibarruri Mar 2014 #51

California is supposed to be getting a bullet train mackerel Mar 2014 #63

Is that the train that the taxpayers are going to pay for so the wealthy can shuttle back and forth rhett o rick Mar 2014 #70

No. And for general info, the "wealthy" FLY to Vegas. Freight has the right of way down Cajon Pass cherokeeprogressive Mar 2014 #77

You could drive without as much traffic tho marions ghost Mar 2014 #117

I plan on using it. Especially when my family from Australia comes over. mackerel Mar 2014 #150

Actually, it is absolutely nothing like what was voted for. That is the problem. Throd Mar 2014 #73

Yes. A high speed train to Nevada JimDandy Mar 2014 #126

Carlin nailed it... Spitfire of ATJ Mar 2014 #74

GM and Southwest made a fuss--but now the shoes are all on the other foot MisterP Mar 2014 #76

Bullet Train Envy is getting to be like what I've read about Penis Envy. cherokeeprogressive Mar 2014 #79

Not an entire new rail system seabeckind Mar 2014 #91

Boeing actually did make a train once. BlueEye Mar 2014 #115

Yep new or radically improved high speed systems marions ghost Mar 2014 #118

Hell I would just be happy to have our gravel road paved! B Calm Mar 2014 #86

Let me tell you about "our cannon fodder" from Iraq and Afghanistan. dotymed Mar 2014 #88

Exactly! ctsnowman Mar 2014 #89

Indiana legislature is working on a mass transit bill seabeckind Mar 2014 #90

Why? Because most don't want it MO_Moderate Mar 2014 #102

The best part of this is that the Chinese are loaning us money Hoppy Mar 2014 #105

Did anyone mention the corruption involved in all this railway spending and the poor construction? sammytko Mar 2014 #112

vanity fair article sammytko Mar 2014 #113

we have "nice things". it's just that ours kill people. nt Javaman Mar 2014 #119

I Can Haz War? tomm2thumbs Mar 2014 #123

Cuz we can't "defend" ourselves from bogeymen with sissy trains. Tierra_y_Libertad Mar 2014 #125

China plans to have both hack89 Mar 2014 #127

Yes, they're doubling their fleet, from one to two, neither of which will be nuclear powered. Scuba Mar 2014 #128

Their "aircraft carriers" aren't much more than helicopter platforms. Warren Stupidity Mar 2014 #136

In our future world we can't have both. WHEN CRABS ROAR Mar 2014 #130

YEP. Rex Mar 2014 #138

Two aircraft-carrier task forces for each of the seven oceans is an essential element to indepat Mar 2014 #143

no! it is to defend us from, ummm, nobody else's navy. Warren Stupidity Mar 2014 #148

The only times I've ridden trains (bullet or otherwise) has been on European vacations. Hamilton Felix Mar 2014 #146

City center to city center in comfort all the way. Warren Stupidity Mar 2014 #149

It's not because we have a military jmowreader Mar 2014 #154