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What are interactual property rights?

What do you think of the Amendment on Property Rights that would stop foreign corporations from seizing Americans property?

  • Only two Republicans support this act. One is (R)Rand Paul. What do you think of his position on this? What is yours? Should foreign corporations be able to use eminent domain laws to seize the private property of Americans for their commercial enterprises? If so, is anyone safe on their property anymore? Why buy, invest in and improve your property if it can be so easily taken from you? Proposed by Sens. Robert Menendez (D-NJ) and Maria Cantwell (D-WA), it was aimed at creating what Menendez in a news release called “a new ‘Private Property Protection’ that would prevent a foreign company from seizing private property to build the Keystone Pipeline unless the landowner is willing to sell.” Sen. Paul is one of only two Republicans (Kelly Ayotte of New Hampshire is the other) to vote for that amendment. He tells Breitbart News in an exclusive interview that he favors building the Keystone XL pipeline, but that he’s even more concerned with protecting private property rights. And he’s pleased that so many Democrats – who voted 39-4 for the amendment – agree.http://www.breitbart.com/big-government/2015/01/23/sen-rand-paul-democrat-amendment-on-property-rights-key-step-in-reversing-kelo/

  • Answer:

    I don't think any corporation can use eminent domain laws unless the government has given that right to the corporation. So your beef should be with the government for granting that particular company the power for that specific project. Electric power utilities, gas transmission pipelines are 2 types of corporations that have the power as part of their charters. Both of the companies are regulated. IT SHOULD BE NOTED THAT THE PRIMARY USE OF EMINENT DOMAIN IS FOR POWER COMPANIES TO FURNISH POWER TO THE NORTHEAST YANKEES. Yes, the Yankees are quite happy to give this right to utilities so that they can get what they want. And, they complain when the right is given to a company that does not supply them, and of all horrors, moves crude oil from Canada to Texas.

Wynper at Answerbag.com Visit the source

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I don't think ANY corporation should be allowed to use eminent domain laws to force sale of private property. But, after the SCOTUS ruled in Kelo v. City of New London... http://en.wikipedia.org/wiki/Kelo_v._City_of_New_London ...that these sorts of takings are legal, I'm not surprised that the major political party which openly kowtows to the Rich and Powerful is willing to use government power on their behalf.

Old School - Doing daily battle with SKOS

I'm for absolute property rights. I mean to the max. If anyone wants your land, they have to work it out with you, not the govt. No stealing it to make a pipeline or a walmart or even a cancer hospital for orphans.

TheGrimExPat

It sounds like a great idea to me.

Fun1

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