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View Diary: Obama nails it on why we need to invest in America's infrastructure—and why it's not happening (182 comments)

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  •  Roger to nationalize an oil company (3+ / 0-)

    the government would have to acquire all of its assets at fair market value. That old Fifth Amendment "nor shall private property be taken for public use, without just compensation." Plus the federal taxation of oil companies is very straight forward. It's the companies with lots of intellectual property who can play the most innovative tax games with the IRS because IP lives in the cloud and can be "domiciled" anywhere.

    "let's talk about that" uid 92953

    by VClib on Thu Jul 03, 2014 at 05:14:41 PM PDT

    [ Parent ]

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