Interesting.
On the face of it, I like it. There will no doubt be suits.
I’m not big on the “nAtiOnaL SeCuRitY!” excuse. I don’t think it’s necessary. Just make it a law.
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And Gates et al should also be prohibited.
Quote sincerely,
it is what happens when we buy their stuff and they don’t buy ours.
They do not need an endless amount of dollars in reserve, and they have no need ot buy our stuff,
so they buy our land, our companies and our bonds.
We buy their stuff
they use part of the money to buy our stuff
and the rest
–to become our landlord a little more
–to become our boss a little more
–to become our banker a little more
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This is great news and it’s about ■■■■■■■ time.
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Long time coming. It should be federal.
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China, Vietnam and a handful of other countries do not allow any land ownership at all. (Foreign or domestic)
And then there are countries liks Mexico that do not allow foreigners to own land within 100 km of a border nor within 50 km of a coast.
No free trade
It’s just not tariffs.
(more about why this is bad in a moment)
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What happens to wages when a lot of factories, hotels stores, bars etc. open?
—> Of course, they rise.
So when those operations are restricted (such as by prohibitting land ownership)what happens to wages?
—> Of course, they fall.
In China, Mexico, Vietnam etc. land ownership restrictions are just some of the many nopn-tariff barriers they use to suppress domestic wages and compete with the US.
I have been no friend to the METHODS president Trump is using to roll-out tariffs, but tariffs themselves are a very good way to address this problem.
(@7426k )
The people who portray tariffs as blocking free trade are completely wrong.
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I did some inquiries in Mexico about buying land. They told me I could only have it for 99 years.
What reading I have done
(enough but not exhaustive) tells me you can buy land in the core of Mexico but that’s it. Not in the border industrial area (might drive-up wages) not withing 50km ofthe coast (gotta keep them wages down.)
PLUS — only certain forms of farmers collectives have full access to the free market for their produce.
When I was in El Salvador, they didn’t allow foreign ownership.
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This was on an island.
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Sounds like it is some sort of attempt to work around the “no ownership” thing.
I’m sure there are several.
Here on the Jersey Shore (a few towns north of me) some developers did the same thing in the 1950s. People could buy property across a small accessway from some boat slips.
If ya bought the house ya got a 99 year lease on the boat slip.
It worked out well for the first few owners.
My three brothers and I were interested in a tourist hotel that was for sale. We weren’t too sure about those terms and put the idea to rest.
I thought there would be more opinions.
China doesn’t allow foreign ownership.
China also does not allow domestic ownership.
If Chinese want to own land, they have to own land outside China.
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One of the last remnants of Maoism there. It’s all communal. The state.
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Well that and the fact that you can’t leave the place where you were born without permission, meeting a quota etc…
(or is that a last vestige of pre-revoluionary feudalism?)
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