Jekaterina Liachovic



Articles by Jekaterina Liachovic

The Importance of Land as a Tool for Savings for Lithuanians

Ensuring private property rights was essential for the development of the capitalist economy in the Western world. To any of the libertarians such rights are sacred, however, not to governments. Governments consistently attempted to seize property by enforcing taxes and regulations preventing full order of such. This century is not without exceptions. The Lithuanian state is attempting to control the Lithuanian real estate market by imposing a universal real estate tax.Imposing a mandatory tax on individual and commercial real estate leaves owners without full rights to their property as in case of insolvency they will be obligated to sell their land. Lithuanians already witnessed similar property ownership status during the times of the Grand Duchy of Lithuania in a system recognizable as

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