The Government Can Seize Anything, Including a Skyscraper!

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.

In recent times, law enforcement has gotten out of control. Police have been emboldened by SWAT teams, aggressively discriminate against minorities and engage in abusive tactics such as “no knock” raids, “stop and frisk,” asset forfeiture laws and a variety of other ways to trample upon our sacred Bill of Rights.

Advertisement.

One good example of overreaching police action is asset forfeiture. In the name of catching drug dealers, tax evaders, terrorists, or just plain law breakers, police can confiscate cars, houses and cash without a court order or without even charging someone with a crime.

In fact, the feds this year confiscated an entire skyscraper, a 36-floor building at 650 Fifth Avenue in New York, because the part-owner was linked to a money-laundering scheme of an Iranian terrorist group.

In 2014, for the first time ever, the government seized more property than burglars stole from private homes and offices! According to the Institute for Justice (a sponsor at this year’s FreedomFest conference), the Treasury and Justice Departments deposited more than $5 billion into their respective asset forfeiture funds. That same year, the FBI reported that burglary losses topped out at $3.5 billion. If you do the math, the government seized over 40% more property than burglars did!

Advertisement.

Fortunately, citizens have had enough and many legislators are repealing these clear violations of our right to property. In states like Texas and North Dakota, the legislatures are enacting laws and measures with the aim of curbing these outrageous practices. Sadly, President Donald Trump seems to be unfamiliar with the abuses and is a supporter of asset forfeiture laws.

Exclusive  ETF Talk: A ‘Wise’ Investment in Cryptocurrency

One sad effect stemming from of all this unwarranted police action and asset seizure is that the United States currently has the largest prison population in the world. More and more tax money from hardworking Americans’ pocket books is being used to support this growing populace behind bars.

I’m really looking forward to an event at this year’s FreedomFest conference, which starts in two weeks, where the police and their behavior recently will be put on trial.

Advertisement.

Larry Elder, the Los Angeles-based Salem Radio talk show host, will have his hands full defending the police. Kennedy of Fox News fame is set to judge this year. Whichever way it goes, and whatever your personal viewpoint is, the mock trial is going to be great fun.
In case you missed it, I encourage you to read my column from last week about what the U.S. can learn from Canada’s bi-partisan problem solving.

 

share on:

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
share on:

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

  • Forecasts & Strategies
  • Home Run Trader
  • Fast Money Alert
  • Five Star Trader
  • TNT Trader
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

  • Cash Machine
  • Premium Income PRO (exclusively for subscribers of Cash Machine)
  • Quick Income Trader
  • Breakout Options Alert
  • Hi-Tech Trader
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

  • Successful Investing
  • High Velocity Options
  • Intelligence Report
  • Bullseye Stock Trader
  • Eagle Eye Opener
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

  • Retirement Watch
  • Retirement Watch Spotlight Series
  • Lifetime Retirement Protection Program
LEARN MORE HERE

Jon Johnson

Jon Johnson's philosophy in investing and trading is to take what the market gives you regardless if that is to the upside or downside. For the past 21 years, Jon has helped thousands of clients gain success in the financial markets through his newsletters and education services:

Product Details

  • Investment House Daily
  • Stock of the Week
  • Technical Traders Alert
  • Rapid Profits Stock Trader
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.

  • Dividend Investor
LEARN MORE HERE

George Gilder

George Gilder is the most knowledgeable man in America when it comes to the future of technology and its impact on our lives.  He’s an established investor, bestselling author, and economist with an uncanny ability to foresee how new breakthroughs will play out, years in advance.

Product Details

  • Technology Report
  • Technology Report PRO
  • Moonshots
  • Private Reserve
  • Millionaire Circle
LEARN MORE HERE

DayTradeSPY

DayTradeSPY was founded by head trader Hugh Grossman, a retired internal auditor for a Fortune 500 company. After years of first-hand experience trying out one trading strategy after another, Hugh instead developed his own trading system centered around day trading SPY options. That’s it... Nothing else.

Product Details

  • Trading Room
  • Pick of the Day
  • Inner Circle
  • Online Workshops
LEARN MORE HERE