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Originally Posted by Riot
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.
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i know about blm owned land, and i believe ranchers pay for the right to graze there. far cry from the lush, private pastures of ky tho.
alaska isn't seizing the profit-the gas companies pay to get all that out of there, just like there are mineral rights paid to get stuff out from under ground here in arkansas and elsewhere.