Is Trump Ignorant about Civil Asset Forfeitures?

Mark Skousen

Named one of the "Top 20 Living Economists," Dr. Skousen is a professional economist, investment expert, university professor, and author of more than 25 books.

Anyone who is unaware of civil asset forfeiture laws that let the U.S. government seize your savings, investments and other possessions without any proof it was obtained illegally is not alone.

The following link goes to an article that provides information about a Feb. 9 conversation President Donald Trump had about asset forfeiture, and it shows even the leader of the United States seems ignorant of a law that can require far more people than drug dealers to forfeit their cash, investments, precious metals and other assets. Click here if you want to read that article; I provide my summary and opinion below.

I was amazed when President Donald Trump met with county sheriffs from around the country on Feb. 9 and spoke as if he was unknowledgeable about the travesty known as civil asset forfeitures.

For years now, police departments have seized and kept property that is suspected of involvement in criminal activity. Under these civil forfeiture policies, property owners need not be found guilty of a crime — or even charged — to permanently lose their cash, car, home, or other property. According to a new report published by the Institute for Justice, “Policing for Profit: The Abuse of Civil Asset Forfeiture,” most state laws are written in such a way as to encourage police agencies to pursue profit instead of seeking the neutral administration of justice. The report grades each state and the federal government on its forfeiture laws and other measures of abuse. The results are appalling: Six states earned an F and 29 states and the federal government received a grade of D.

Exclusive  How Obama's Attack on Investors Could Affect You

President Trump was told by one sheriff that civil asset forfeitures only involve drug dealers. That claim is nonsense. Many people have lost thousands of dollars who were students, business people and others totally unrelated to drug dealing.

I hope President Trump will get a more objective review of the unconstitutional crime known as civil asset forfeiture. The end of government abuse of its powers should be included among the president’s objectives if he truly wants to do what he promised during his political campaign to “make America great.”

Like This Article?
Now Get Mark's FREE Special Report:
3 Dividend Plays with Sky-High Returns

This newly-released report by a top-20 living economist details three investments that are your best bets for income and appreciation for the rest of the year and beyond.

Get Access to the Report, 100% FREE


img
previous article

Investment expert Jim Woods shares his view on the outlook of this gigantic financial sector fund.

PREMIUM SERVICES FOR INVESTORS

Dr. Mark Skousen

Named one of the "Top 20 Living Economists," Dr. Skousen is a professional economist, investment expert, university professor, and author of more than 25 books.

Product Details

LEARN MORE HERE

Bryan Perry

A former Wall Street financial advisor with three decades' experience, Bryan Perry focuses his efforts on high-yield income investing and quick-hitting options plays.

Product Details

LEARN MORE HERE

Jim Woods

Jim Woods has over 20 years of experience in the markets from working as a stockbroker,
financial journalist, and money manager. As well as a book author and regular contributor to
numerous investment websites, Jim is the editor of:

Product Details

LEARN MORE HERE

Bob Carlson

Bob Carlson provides independent, objective research covering all the financial issues of retirement and retirement planning. In addition, Bob serves as Chairman of the Board of Trustees of the Fairfax County (VA) Employees’ Retirement System, which has over $2.8 billion in assets.

Product Details

LEARN MORE HERE

Mike Turner

Mike Turner’s financial, mathematical, computer science and engineering background serves as the foundation for his disciplined, rules-based approach to trading. Mike’s three services include:

Product Details

LEARN MORE HERE

Hilary Kramer

Hilary Kramer is an investment analyst and portfolio manager with 30 years of experience on Wall Street. Since 2010, Hilary's financial publications have provided stock analysis and investment advice to her subscribers:

Product Details

LEARN MORE HERE

DividendInvestor.com

Used by financial advisors and individual investors all over the world, DividendInvestor.com is the premier provider and one-stop shop for dividend information and research.

Product Details

Popular tools include our proprietary Dividend Calendar, Dividend Calculator, Dividend Score Card, and many more.

LEARN MORE HERE