The Brent. The. mtmuley mtmuleyI think most of yhe HT folks are smart enough .
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The Brent. The. mtmuley mtmuleyI think most of yhe HT folks are smart enough .
Thanks. I hate proof reading.The Brent. The. mtmuley mtmuley
The Worldâs Biggest Landlord Is Washington
The incoming Trump administration will confront some huge financial challenges. It will have to cope with the vast increase in the national debt created by the Biden administrationâs reckless spending. It will also need to maintain the solvency of the Social Security system after decades of financial irresponsibility by politicians of both parties.On top of all this, there is an urgent need to build up American military defenses, which have been neglected while taxpayersâ money has been lavishly spent on such things as subsidizing electric cars and paying hotel expenses for illegal immigrants.There is no question that doing all the things that urgently need doing will require huge amounts of additional government spending. The key question is: Where will the government get this money?
There is much to be said for the new administrationâs plan to have a nongovernmental organization investigate how well, or how badly, government agencies are currently handling the taxpayersâ money. But there is a limit to how much money can be recovered by simply cutting back on âwaste, fraud and abuseâ in federal spending.
There are, however, additional billions of dollars that could be tapped, from a source that not many people think about. That is the vastâalmost unbelievableâamount of land owned by the federal government. Some of that landâsuch as military basesâis used to house the governmentâs own operations. But the great majority of that land is not.
The rest of this government-owned land is so vast that there is little to compare it withâexcept whole countries. And not small countries like Belgium or Portugal. The amount of land owned by the National Park Service alone is larger than Italy. The land owned by the Fish and Wildlife Service is larger than Germany. The land owned by the Forest Service is larger than Britain and Spain combined. The land owned by the Bureau of Land Management is larger than Japan, North Korea, South Korea and the Philippines combined.
The idea of selling huge amounts of government-owned land is not new. Before the federal income tax was created in the early 20th century, land sales were sometimes a significant source of federal government income in the preceding two centuries. The prospect of large-scale land sales was considered during the Reagan administration, but the political opposition was too strong.
As of 2015, government-owned lands were valued at $1.8 trillion by the Commerce Department. This is the kind of money that can make a real contribution to the governmentâs fiscal balance, at a time when so many government operations are urgently in need of support.
As for the current value of these lands to the government, that value is largely negative. The money that these lands bring in is often only a fraction of what it costs the government to take care of them. Wildfires on land managed by the federal government have been about five times the size of wildfires on ânon-federal lands,â according to a 2022 study by the Congressional Budget Office.
Land transferred from federal ownership to the market economy can also contribute to more affordable housing. When the same kind of house costs several times more in one part of the country than elsewhere, it is often because the cost of the land is higher rather than because the house costs more to build. That in turn is often because the land is either more scarce or because of laws restricting the building of anything on that land. But, where more land is available to build on, the same kind of house can cost a fraction of what it costs elsewhere.
The federal government owns a little more than one-fourth of the total land area of the United States. The time is long overdue to consider whether that is the best economic arrangement. And reconsideration is especially needed at a time of urgent fiscal problems.
Mr. Sowell is a senior fellow at the Hoover Institution.
The drum beat continues at the Wall Street Journal. Copied below for those not able to get behind the paywall. Merry Christmas from the Hoover Institute.
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Not necessarily. Pioneer Mountain area was previously USFS lands but then deeded directly to Yellowstone Club, Tim Blixseth, as part of a land swap. That type of direct transaction has been repeated with USFS and BLM lands and, IIRC, even with money exchanged.I assume a transfer to the states would be involved somehow.
This issue-awakening shot across the national bow by short-sighted Sowell of the Hoover Institution is just the sort of malarkey that the newly minted Dept of Government Efficiency (DOGE) will likely grab hold of and try to push.
Sowell is applying for a job. But the fact has always been that when 3 of 4 Americans donât use public lands at all and the ones that do donât pay an amount high enough to make them attractive to keep, the argument can more easily gain traction.Yep, agreed. From that perspective, this is perfect timing.
Sowell is applying for a job. But the fact has always been that when 3 of 4 Americans donât use public lands at all and the ones that do donât pay an amount high enough to make them attractive to keep, the argument can more easily gain traction.
Absolutely agree.
This is an uncomfortable reality, but he actually makes a point that most people* are probably going to find fairly compelling.
Votes dont exist in the house for that.I think both sides are licking their chops to start selling, albeit for different reasons on the face of it but in the end mostly to expand their own kingdoms and wallets. Iâm not sure weâre going to stop it this time.
Our new puppet master is going to be all over this. Raise a whole bunch of capital and get rid of a huge portion of the DOI at the same time. Whatâs not to love?
Money, it always the money.I think both sides are licking their chops to start selling, albeit for different reasons on the face of it but in the end mostly to expand their own kingdoms and wallets. Iâm not sure weâre going to stop it this time
If they have enough Dâs seeing opportunities for low income housing and green energy, they might.Votes dont exist in the house for that.
The Utah petition allows SCOTUS to give them cover. Wait for it....Votes dont exist in the house for that.
If they have enough Dâs seeing opportunities for low income housing and green energy, they might.
regarding energy wouldn't both sides of the aisle be shooting themselves and their pocket liners in the foot by seeing public lands privatized? private leases and royalties for energy aren't much of a screaming a deal in comparison to those rock bottom public land rates, right?
you'd think both sides would see the long term investment opportunity in having ample cheap public land to drill and grade for solar.