Discover and read the best of Twitter Threads about #expropriation

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I have been saying all along that the #ANC #Expropriation policy will be mild. This looks VERY open-ended, and I am convinced that it creates conflicts with other provisions of the Constitution.… via @News24
@News24 The proposed text includes, "Provided that a court may determine that no compensation is payable in the event of expropriation of land for the purposes of land reform…". This is fatally flawed - one cannot have a guaranteed wrong EFFECT merely because the MOTIVE might seem good.
@News24 Although an #Expropriation Act might set out the necessary protections (this is much more complex than most realise or admit), there is no guarantee that it would. And even a good Act can be re-written with a simple majority. The key logical problem is arbitrariness.
Read 9 tweets
1. Politicians are lying to you: For almost 10 years we had near zero percent #interest, #ECB & #FED printed billions of $ & € creating huge asset #bubbles in #stocks & #properties. On top thousands of foreigners bought "cheap" properties in GER.

#Habeck #Enteignungen
2. On top many cities, especially #Munich, allowed only few new properties to be build - For 3 new families that reached Munich only 1 new home was build!
This scarcity is by design, since it inflates the value of existing #properties, enriching the "haves".
#Habeck #Enteignungen
3. The next money printing scam are all the regulations that hit home-builders in the last plus 10 years: "Dämmung","energetische Sanierung" (to prevent loss of heat/energy) and more is expensive & thus reduces the numbers that can afford a home & increases #rents.
Read 11 tweets

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