Re: AltInst: Means of production.

 john@dwaf-hri.pwv.gov.za (John Carter) writes:
>If the state believes an asset is undervalued on a form by more than
>50% and can prove it by publically finding a buyer at twice the stated
>value, the state can repossess that asset and sell it to that
>buyer. The stated value goes to the owner, and the rest goes to the
>state.

 That would make it pretty tricky to rely on property whose value is rising
rapidly. For instance, here in Silicon Valley I gather it hasn't been unusual
for people who are putting their houses on the market to underestimate its
market price by 20 or 30%. Imagine how easy it would be for a busy person
who didn't want to sell her house to overlook the need to get a new appraisal
every few months in years when the housing market heats up.

>You needn't list every desk and chair own by every company you have
>shares in, merely the company and the percent share and the
>value. Each company must list its assets in some sensible and public
>fashion.

 Do I have to list every book I own? Every photo I've taken? The obvious
answers to this kind of question either create lots of paperwork (and
some privacy objections) or create some clear-cut loopholes which impair
the apparent fairness of your proposal.

-- 
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Peter McCluskey          | Critmail (http://crit.org/critmail.html):
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