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| Re: NY congressman Higgins writes Amtrak's Moorman in support of reopening Buffalo Central Terminal (1431095) | |||
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Re: NY congressman Higgins writes Amtrak's Moorman in support of reopening Buffalo Central Terminal |
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Posted by Nilet on Thu Mar 23 14:56:26 2017, in response to Re: NY congressman Higgins writes Amtrak's Moorman in support of reopening Buffalo Central Terminal, posted by Joe V on Thu Mar 23 14:25:37 2017. When land is worthless, it's free.Except it wasn't worthless. Which is a point you keep missing. If it was genuinely worthless, the railroad wouldn't need land grants— they could have just bought all of it for a penny without government intervention. Railroad developed it with their investors and customers. Except they only developed it because they owned it. And they only owned it because they got it for free through government subsidies. Seriously, you need to learn about economics before you attempt to talk about economics. Once it had value, the prize is the railroad's, not the government's. Exactly. If I find a piece of land already owned and used by Steve, declare it "worthless" and destroy whatever's on it, and declare it a gift to Bob, and Bob builds a house then it's Bob's land and Bob's house. The fact that I stole it from Steve doesn't count because I arbitrarily declared it worthless, and the fact that Bob didn't pay for it doesn't mean he didn't pay for it. Oh wait, that's ridiculous. Never mind. It looks like you're as clueless as ever. Capital gain is not a "subsidy". OK, here's another lesson on remedial economics. If it's too complex for you to understand, just say so. Suppose a stock has a value of $10 today. I purchase one share $10. Next week, the value is $20, so I sell it for $20. Question 1: What is my net profit? Question 2: Did I get something for nothing (ie, a subsidy)? Now suppose a stock has a value of $10 today. The government takes one share from Steve and gives it to me for free. Next week, the value is $20, so I sell it for $20. Question 1: What is my net profit? Question 2: Did I get something for nothing (ie, a subsidy)? Now suppose a piece of real estate owned by Steve has a value of $1 million today. The government takes it from Steve (without compensation) and gives it to me for free. I spend $100,000 making improvements to it, which increases its value to $1.2 million. I then sell it for $1.2 million. Question 1: What is my net profit? Question 2: Did I get something for nothing (ie, a subsidy)? |
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