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Bohn on Property Rights

The letter, below, is my response to an editorial in yesterday's Courier-Journal, regarding the recent Supreme Court ruling concerning "eminent domain" seizures. Sorry, but I don't have a link to the editorial.  - CAB

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Dear editor:

I’m afraid, I can’t share Andrew Martin’s sense of shock, regarding the latest Supreme Court ruling, concerning individual property rights versus the State. In my estimation, albeit criminal, it was rather predictable. The so-called government – at all levels – steals property on a daily basis, as a matter of course. If you doubt this, simply look at your last pay voucher, and compare the difference between what you were paid, and what you actually got to "bring home". And, if you were under any illusion, that you actually owned any property in this "free country," stop paying your property tax, and learn the truth.

Then, there’s the matter of the hidden confiscation, of inflation. The amount of the compensation for your labor you are allowed to keep is reduced in value (purchasing power) each and every year, because of the unconstitutional Federal Reserve system’s almost unbounded creation of debt based, fiat currency.

Back in 1933, when Franklin D. Roosevelt seized all privately owned gold, there was a rather predictable "debate" over the affair. There were congressional hearings, and debates; and there were Supreme Court cases but, still, the gold (property) got seized. The former owners of this property were "compensated," at the, then current, value for gold – just over $20 per ounce; they were paid in "emergency scrip," which we are all now familiar with, the ubiquitous Federal Reserve note. Following this confiscation, the so-called government quickly re-valued the confiscated property, to $35 per ounce.

A few short years later, we sent an entire generation of our children to Europe and the Pacific, to "fight (and die, and be maimed) for freedom and democracy," and to "oppose State tyranny".

Nope! There was nothing at all surprising in the recent Court decision, to me.

Claude A. Bohn

Louisville, KY  40258

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