Re:California Approves Statewide Rent Control
by Supermancho on Wednesday September 11, 2019 @09:47PM
(#20946900)
Confiscation, it is not, anymore than negative reports are confiscation of stock. You can liquidate and acquire a different asset. Personal preference has rarely been rewarded (re: eminent domain). There are windows of opportunity, timing and strategy inherent to capitalism. Sell before it passes (or the market adjusts) to maximize your realized asset value.
[ Parent
| on HN ]
Re:California Approves Statewide Rent Control
by 1123581321 on Wednesday September 11, 2019 @09:57PM
(#20946993)
Both your examples (eminent domain and a government using propaganda to devalue a company) are forms of confiscation. It doesn’t matter if smart people would be able to foresee and mitigate the damage.