There’s no market, only one buyer, and participation is mandatory
While the minister stuck to repeating talking points, he did succeed at heeding what was likely his marketing team’s advice: emphasize that it’s a “buyback” program.
Let’s be real — it’s more akin to a seizure or expropriation. “Buyback” implies that there’s choice to buy or sell in a market. Here, there’s no market, one buyer, and participation is mandatory. When corporations do stock buybacks, shareholders can choose whether to get in on the deal. Here, gun owners have no choice.
There are situations where it’s reasonable for governments to take citizens’ property, but this tool is typically only taken out of the toolbox when it’s absolutely necessary. When there’s a war, and the army urgently needs to use the local town’s hotel, the government can occupy that hotel. Thisin the UK during the First World War. After the fighting ended, the courts made the government pay the hotel owner for the occupation.
In Vancouver, the city government wanted to have a strip of land owned by Canadian Pacific Rail developed into a public thoroughfare. Meanwhile, Canadian Pacific wanted to develop the land with homes and commercial buildings. While thedidn’t consider this to be an official “expropriation,” it still involved the government exerting control over what wasn’t theirs. The city got its way in 2006 after a court battle the end, and the rail company couldn’t develop their land as they wished.
Everywhere in Canada, there are cases where people’s homes are bulldozed by government to build public infrastructure. If a house is valued at $2.9 million in Vancouver, and it needs to be bulldozed for the new highway, the governmentNot all of this is bad, clearly. Public parks, public roads, and national defence are all important things that need to be seen to by government.
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