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| Posted By: Sebastyanos S Beyene Posted On: Feb 18, 2002 Views: 803 | nationalized houses&buildings etc... As is well known,if one desires the concept of democracy to prevail in our country;it would be absurd to deny intellectual rights.If we agree on the above premise,who or should I say of who`s moral or political will should I be denied the fruits of my labor?Without proper restitution of properties that were taken illegally by an illegal government that had not contributed an iota to their existence let alone their creation, the meaning of a free market economy would be absurd.What guarantee do I have that another parasite might come along and repeat what happened?Therefore, I SUGGEST TO THE CURRENT GOVERNMENT to abide by the laws it has promulgated in terms of property rights!The alternative is no investment as there are no guarantees.Restitution then investment.Otherwise, it is the notion of once bitten,twice shy. S.S. BEYENE LONDON,ENGLAND. |
| Posted By: die Sinnesaenderung Posted On: Feb 21, 2002 Views: 791 | RE: RE: nationalized houses&buildings etc... I see your argument, but it is not that easy. It is a very delicate matter. You can not just kick out the people who are living in them now out on the street. That would be another crime of same magnitude as what happened 25 or 30 years ago. My family is negatively affected by the nationalization process, so i am not in the "benefited group". But i do not believe that just returning the properties to the pre-74(?) owners would solve the problem fairly and forever. I can not suggest a fair solution right now. But one thing is for sure, it has to be addressed. |
| Posted By: Gooch Posted On: Feb 22, 2002 Views: 788 | RE: nationalized houses&buildings etc... The government can either provide similar housing for the tenants, or compensate the former owners somehow, such as by buying the buildings from them. But where will the government get the money? But is subsidising the current tenants the best thing? Are they the best people to receive government subsidy? But even if they're 'middle-class', you don't want to let them go and further deteriorate the middle-class! So many questions, but no anwers! 1. Keep them nationalized. Advantage: no chaos, subsidised housing for tenants. Disadvantage: economically unsound (and all that goes with that, such as poor upkeep), previous owners uncompensated. 2. Return to the rightful owners or their family. Advantage: economically sound, promotes investment in Ethiopia by establishing rule of law, etc., government wins since taxes on property will be greater than current profits on property. Disadvantage: tenants lose. 3. Sell them under well-regulated and audited auction. Advantage: economically sound, government wins since taxes on property will be greater than current profits on property, and government is freed from running the place. Disadvantage: tenants lose, bad precedent for return of property not good for investment climate. The government should, if it hasn't already done so, first find out how much compensation it would have to pay to return property to original owners. Then, it should lobby international organizations for grants to help it to do so. In the name of justice, of course. In the long run, the country's economy should benefit greatly. |
| Posted By: taye Posted On: Apr 8, 2002 Views: 738 | RE: nationalized houses&buildings etc... Returning the properties to the initial owners ,with some sort of compensation to the tenants must not be very complicated to do. |
| Posted By: Abraham Sam Posted On: Mar 25, 2003 Views: 714 | RE: nationalized houses&buildings etc... Someone said "You can not just kick out the people who are living in them now out on the street." And my question is,What if these people (some of them,at least)are hiring out the same houses to a third person while they,themselves leave in cheaper houses and get the rent to put in their pockets.Mind you, they can even get more income than the real owner.So who's the government good for?Not to the owners anyway. And someone said "The government should, if it hasn't already done so, first find out how much compensation it would have to pay to return property to original owners. Then, it should lobby international organizations for grants to help it to do so. In the name of justice, of course."It sounds good.But would'nt it be much cheaper for the government to compensate the renters?Afterall,they did'nt even pay their cash to build them. |