Posted on 03/28/2015 9:33:32 AM PDT by Olog-hai
… Soon after Fidel Castro won control of Cuba in 1959, his government began confiscating the property of thousands of U.S. citizens and companies. For Edmund and Enna Chester, the losses included an 80-acre farm, hundreds of thousands of dollars’ worth of stock, and a brand new Buick that, who knows, may still be plying Havana’s streets.
The confiscation of American property, valued today at $7 billion or more, was wrapped up in the retaliatory back-and-forth that led to the trade embargo, which remains in place. In 1996, Congress passed a law insisting Cuba repay Americans for what was taken before the embargo can be lifted.
That demand went unmentioned in President Barack Obama’s December announcement that the U.S. and Cuba would resume diplomatic ties. Given Cuba’s frail economy, some experts say companies whose property was taken might gladly settle for rights to do business there today and move on. But a corporation doesn’t hang on to memories the way a family can. That’s clear in places like Chester’s 832-square-foot bungalow in Omaha, pitched atop a corner lot that's mostly slope, where a gold-framed oil portrait of her mother from long ago watches over the yellowing property deed and the worthless stock certificates. They are reminders that the Cuba that existed before Castro is history. But the bitterness over what came after lingers on. …
(Excerpt) Read more at hosted.ap.org ...
Now, about those reparations for slavery ...
Now that the Cuban communists have a fellow traveler in the White House they needn’t worry about have to pay any restitution to those who had property confiscated.
this is sad... kind of like ambiguous loss... haunting...
Allow Cuba to once again sell sugar in the US, then apply a special tariff on that to goes into a pool to repay these poor people.
Everyone wins then.
We can once again drink soft drinks made with sugar instead of corn syrup
Cuba can make a lot of money again selling its sugar
and
The victims can get repaid.
And like with China, the communist party gets richer and richer.
Maybe Obama can pay it out of his “Stash”.
Sounds like her concerns will be sold down the river.
HELLO.. if US givernments(fed, state and local) can TAX something YOU OWN...
YOU are merely RENTing IT FROM THEM... and don’t REALLY own it.. THEY DO.. i.e. house, car, other property...
The DELUSION is widespread and deep.. in a KINGDOM of lies..
What West Germany did when it was reunited with the East (where private property had been confiscated)
was to have the government assume all the debts, and leave the confiscated property either in the hands of its new(er) owners, or else sell it.
Cuba may have to do the same thing, to clear all the claims simply and quickly.
That is a good solution.
Sure, anything to keep the communists in power.
Certainly they will do something like that. Once relations with Cuba are normalized, there will be so much money going back and forth, there will be more than enough to repay Bacardi and anyone else who has a claim.
Sure, if you can call “normalization” on the Castro’s terms any kind of normalization.
Sadly ironic. The very people who rail against capitalist are robber barons
The proletariat will use its political supremacy to wrest, by degree, all capital from the bourgeoisie, to centralize all instruments of production in the hands of the State, i.e., of the proletariat organized as the ruling class; and to increase the total productive forces as rapidly as possible.So does this lead to the “vanguard of the revolution” becoming robber barons, or just plain robbers? This is also the same chapter that declares that “in communist society, the present dominates the past”, which requires erasure of history.
Of course, in the beginning, this cannot be effected except by means of despotic inroads on the rights of property, and on the conditions of bourgeois production; by means of measures, therefore, which appear economically insufficient and untenable, but which, in the course of the movement, outstrip themselves, necessitate further inroads upon the old social order, and are unavoidable as a means of entirely revolutionizing the mode of production. …
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