Government theft of home equity rooted in FEUDALISM, finance expert says

No shit, but since it seems that GLP is awash in 'new eyes' it bears repeating.

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He put forward this argument during an appearance on “Brannon Howse Live,” telling the “Worldview Report” host that the practice has its roots in feudal Europe between the ninth and 15th centuries. Under this system, a person of authority gives “strong allies” what is called “muscle territory.” In turn, these allies return the favor by means of loyalty and service to the authority figure – in this case, feudal lords.

“They were paying rent upstairs and agreeing that if the kingdom is invaded, they’d help fight and kick out the ‘bad guys,'” Eastman told Howse. He continued that this practice evolved into the theory that the government owns the land where a house sits, thus the homeowner is mandated to pay property taxes.

“And if you don’t pay it, the government is to take the house and kick you out. They’ll sell the property, put it in the public fisc and you’re gone.
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[link to www.domigood.com]