A reader writes:
My father is Cuban. He was born very very rich. Fidel Castro took over, and as a result, my father became very poor. One of the reasons we no longer trade with Cuba is because Cuba nationalized property belonging to Americans. My father’s family businesses and properties were seized while my father was still alive. If this were not the case, today I would be a very rich man, being that my father is the eldest male child. Instead, I grew up poor and eligible for food stamps.
Now that our relationship with Cuba is thawing, this nationalization issue has returned. People in Cuba are hurt by our trade embargo, and beginning trade would really help the average Cuban citizen. One of the biggest sticking points is reparations for seized property.
Here’s a brief overview of that issue: