16 May 2008

Government stealing

ABC news.com: Not-So-Safe Deposit Boxes: States Seize Citizen's Property to Balance Their Budgets:

"The 50 U.S. states are holding more than $32 billion worth of unclaimed property that they're supposed to safeguard for their citizens. But a "Good Morning America" investigation found some states aggressively seize property that isn't really unclaimed and then use the money -- your money -- to balance their budgets.

Unclaimed property consists of things like forgotten apartment security deposits, uncashed dividend checks and safe-deposit boxes abandoned when an elderly relative dies.

Banks and other businesses are required to turn that property over to the state for safekeeping. The problem is that the states return less than a quarter of unclaimed property to the rightful owners (emphasis mine)."

I'm actually surprised that near 25% of this property, which is stolen by our government, is returned. I figured that the criminals who we keep electing to office would just make off with all of it. Maybe politicians are really stupid. Can they really think that nobody would notice only 75% of their stuff missing?

Of course, if the government stopped wasting money by the billions, they wouldn't have to steal. Its not like we aren't paying enough taxes.

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