Hacker News new | ask | show | jobs
by chii 2529 days ago
> If poor people owns something valuable, they stop being poor when wealthy people take it.

if you owned some land which could've been mined/fracked upon, then it might make economic sense for said company to purchase your land. You'd have to either pay an above average tax rate to justify holding on to the land, or be forced to sell it.

On the one hand, it does make economic utilitarian sense. On the other hand, it prevents people from being able to control their own property. Esp. if they have no funds to fight or defend themselves.

1 comments

You foeget eminent domain.

The stack is already against the homeowner who lacks lobbyists to fight back

This achieves more of a level playing field.