Investor CAFÉ

The Government Can Seize Anything, Including a Skyscraper!

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.

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!

Click here to read the rest of this article on stockinvestor.com, “The Government Can Seize Anything, Including a Skyscraper!


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