I thought the point of the US was to allow the president to do some sweet real estate deals? From https://www.econlib.org/archives/2016/12/bruce_bueno_de.html
> His stories about George Washington, none of which I knew, are even more fascinating. Bueno de Mesquita claims, quite plausibly, that a huge part of George Washington’s motive for fighting the Revolutionary War was to protect his substantial, and critically placed, landholdings in the Ohio Valley.
Remember that the 'Royal Proclamation of 1763' https://en.wikipedia.org/wiki/Royal_Proclamation_of_1763 :
> The Proclamation forbade all settlements west of a line drawn along the Appalachian Mountains, which was delineated as an Indian Reserve.[2] Exclusion from the vast region of Trans-Appalachia created discontent between Britain and colonial land speculators and potential settlers. The proclamation and access to western lands was one of the first significant areas of dispute between Britain and the colonies and would become a contributing factor leading to the American Revolution.[3]
> British colonists and land speculators objected to the proclamation boundary since the British government had already assigned land grants to them. Including the wealthy owners of the Ohio company who protested the line to the governor of Virginia, as they had plans for settling the land to grow business.[15] Many settlements already existed beyond the proclamation line,[16] some of which had been temporarily evacuated during Pontiac's War, and there were many already granted land claims yet to be settled. For example, George Washington and his Virginia soldiers had been granted lands past the boundary. Prominent American colonials joined with the land speculators in Britain to lobby the government to move the line further west.
More context from https://www.econlib.org/archives/2016/12/bruce_bueno_de.html
> [...] his story made me realize that a large part of my belief in GW is romantic: because I learned about him so early in life, that romantic view is harder to shake and I’ve been less willing to put GW under the public choice microscope than with any current or recent president.
> An excerpt about GW’s wealth:
>> His last position, just before becoming President, was President of the Patowmack Canal Company–the Potomac Canal, as we know it, from the Potomac River. What that canal did was bring, make it possible to bring produce from the Shenandoah Valley–which George owned–up to the port in Alexandria, which had been built by Lawrence, by the Ohio Valley Company, in which George had a direct interest, and shipped goods out. So it was a very profitable undertaking–or so he thought it would be, in the long run, for him. And that’s what motivated him. Most people think of Washington as–besides a great hero, which he certainly was–as kind of a gentleman farmer. Economists have estimated the worth in real dollars adjusted for inflation, not appreciated, of George Washington’s estate, in contemporary terms; and it’s about $20 billion dollars. He is by far the wealthiest President. He is the 59th wealthiest person in American history. Three of the American founding fathers are in the list of the top 100 wealthiest Americans in all of history: Hancock, who was wealthier than Washington–made his money smuggling; and Ben Franklin, who was not quite as wealthy, who made his money because he had a monopoly on the printing press. These are the folks who led the Revolution. These were not the downtrodden. These were not the oppressed. These were people who stood to lose huge amounts of wealth because of the King’s policies. And so they fought a Revolution. Which was, by the way, not very popular. Sixty percent of the colonists either were neutral or opposed to the Revolution.
> Nearly the entire point of the United States at its founding was that the law should apply to political leaders.
The Brits already had that system in place, so no need to secede because of that. Yes, the King was above the law, but he was a figurehead and by the time of the colonials' insubordination the country was already run by parliament and Prime Minister.
No comments yet.