How to make thngs more even

Hi

Here is a solution to help the people that own the land without minerals rights which should be enacted. First if you own the land and the mineral rights your school, county and local real estate tax bill stays the same, but 50% of each bill is divided up between the mineral rights owner and the surface owner.

If you own the land without the mineral rights your real estate tax bill is now reduced by 50% and the other 50% being paid by the owner of the mineral rights of you surface land. This really would only cost the people that own the mineral rights, and why not they have the power to change the surface but have been getting off tax free.

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Permalink Reply by bungalow_steve on July 1, 2014 at 2:02pm

Don, but you can't access shale gas very easily unless you extract the gas, and what you can't access you can't tax.

Permalink Reply by Jack Straw on July 1, 2014 at 3:23pm

Various attempts have been made to deal with elements of 'unfairness' perceived to exist within the Capitalist system.

Famous are the theories of Karl Marx as espoused in the various volumes of Das Kapital.

Marx's theories on 'how to make things more even' were expanded upon and widely instituted by Vladimir Lenin.

The last I checked, the attempts 'to make things more even' (also known as Socialism) had not worked out especially well.

JS  

Permalink Reply by Summer Johnston on July 1, 2014 at 6:24pm

I think the expression is that socialism works until you run out of other peoples' money to spend.

Permalink Reply by bungalow_steve on July 1, 2014 at 6:26pm

Other attempts to make capitalist system fair are patent law, copyright law, trademark law, criminal law, contract law, tort law, anti-trust law, those worked out pretty good, most US corporations believe.

 

 

Permalink Reply by jason irvine on July 1, 2014 at 4:46pm
No taxes please. I'm not so sure I would compare this marks or a socialist theory. We are not talking about redistribution of wealth. I believe the topic is a offset to landowner damages. Everyone has posted great responses and or ideas on how to reap the rewards from our minerals and at the same time not hurt destroy devalue or damage the surface owners.

I suspect this will be a challenging issue for years to come.

For the record I own mineral and surface plus I am for drilling. Hopefully me and my neighbors will have to visit this very issue, because it means we drilled.
Permalink Reply by David Perotto on July 1, 2014 at 6:37pm

Jason, 

I am not understanding what you mean by "landowner damages". If a well pad is placed on the surface owner's property, they are compensated for this. What other damages are you referring to?

Permalink Reply by Don Himber on July 1, 2014 at 9:42pm

Honestly if you own the surface rights and a well pad is placed on your property for the minerals underneath, you are compensated for what the driller feels is reasonable but I'm sure the surface owner feels differently. Most likely the compensation does even equal to the devalued land value if you ever sell. It would be hard to sell land with a well pad on it if you didn't even own the minerals rights.

Permalink Reply by Renee E. Dorsey on July 2, 2014 at 10:16am

This is from another topic about some 80+ year old people who do not own mineral rights yet are being " shafted" more or less by the increased traffic on their roads, noise, etc.    Their quality of life has been damaged by those with mineral rights and leases.  ( *  Cannot wait until  some enterprising attorney figures out a way to collect on this aspect).     

Permalink Reply by Dan on July 2, 2014 at 10:44am
On the plus side, maybe their grand kids (if they look for work) can stay in the region and they will get to see them.
Permalink Reply by Dexter Green on July 2, 2014 at 10:53am

"This is from another topic about some 80+ year old people who do not own mineral rights yet are being " shafted" more or less by the increased traffic on their roads, noise, etc.    Their quality of life has been damaged by those with mineral rights and leases."

Welcome to free markets the hard way.

Permalink Reply by Ragnars Repo on July 2, 2014 at 12:26pm
Then someone should be able to sue because a city grew up around their neighborhood. This makes no sense.
Permalink Reply by jason irvine on July 2, 2014 at 10:24am
David. The damages I refer to are to anything that can be de valued. Renee expressed it perfect. Thanks Renee. Great point

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