re: Safe Deposit Boxes Not So Safe?

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Under PATRIOT Act II, if the government claims an “emergency” it has given itself the “right” to confiscate the contents of any safe deposit box.

Leave it up to government to call outright theft “patriotic” (as long as government bureaucrats are the thieves). What’s next: Will they call taxation (a.k.a., legalized theft) “patriotic” too? (Oh yeah, they’ve been doing that for about 100 years already).

7:59 am on May 12, 2008

Re: Safe Deposit Boxes Not So Safe?

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Manuel, here is text from ABC on that story: “Not-So-Safe-Deposit Boxes: States Seize Citizens’ Property to Balance Their Budgets“. You remembered the details well! “In Delaware, unclaimed property is the third largest source of state revenue.”

I sense a theme in recent actions by the state: property forfeiture in the War on Drugs, property forfeiture in the Intellectual Property War and seizing of “unclaimed” property… The state is at war with us to sieze our property. Seems kind of obvious, but there it is.

5:11 pm on May 12, 2008

Re: Safe Deposit Boxes Not So Safe?

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A reader adds an interesting detail on the seizure of “unclaimed” property:

Stephen, in reference to your blog post on LRC regarding the state of DE and unclaimed revenue…a state politicians son was employed in this revenue generating department and was indicted for stealing over 1 million $ from this lucrative pool of free money. http://www.wgmd.com/blog/2008/02/05/representative-vince-lofink-on-his-sons-guilty-plea/. I’m sure you’re not surprised.

10:10 am on May 13, 2008
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