When Mississippi voters go to the polls next week, they will consider an issue that will limit the government's power of eminent domain. This power allows the government to purchase private land at a reasonable price if it is in the public's interest. While this is often used for public projects (such as roads), it has recently been used to take land for private development. The Mississippi proposal would institute a 10 year waiting period on these transfers.
Moving to Cuba, Cuban media is reporting that beginning November 10, private citizens will be able to sell and purchase real estate. It is ironic that Cuba is becoming more like America, while America is becoming more like Cuba.
Moving to the United Nations, the U.N. is lobbying its member nations for approximately $3 billion to build a new office tower in New York and renovate a building in Geneva. This comes on the heels of a $2 billion renovation of the current New York office building. Meanwhile, despite all the money given since the U.N.'s creation, the world still has problems.
In Europe, a CNN report has shown that tax evasion is much more common in the southern European countries than in their counterparts to the north. However, the article only briefly mentions the fact that the southern European nations have higher levels of debt--and therefore, higher tax rates--than those in northern Europe. Is it possible that these might be connected?