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Originally Posted by Danzig
when all those horses graze on public land, go for it.
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The point is a government seizing profit from a company to distribute to citizens. One may own the land, but they don't own the intelligence that figured out how to get oil out if it. That intelligence is the source of the profit.
BTW, there are plenty of horses grazing public land in this country, cattle & sheep, too. Look at a map of BLM-owned land sometime, you'd be shocked how much the government owns. Pretty amazing, what the government does for certain private citizens.