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Ayn Rand Quote

Capitalism is a social system based on the recognition of individual rights, including property rights, in which all property is privately owned.

ideas > Private Property

Private Property
The 5th amendment of the Constitution states that “Private property shall not be taken for public use, without just compensation.” When most people hear the term “private property”, they think of their home or their land. Private property is so much more than that. It is the money that you earn, the car that you drive, the clothes that you wear, the food in your fridge, and of course the property or house that you own.

Why is it then that people will staunchly defend their land and house from government seizure for public use, yet not utter a word when their earnings or paycheck are seized for public use. In fact, most people seem to be ok with the idea that the government can tax the rich more and give it to the poor. But is this just compensation to the one who had their earnings seized? Of course it isn’t. The compensation goes to one who never earned it.

If I were to walk up to a middle class person and tell them that I thought they lived in too big of a home, so I was going to take ˝ of that home, that person would tell me that I couldn’t because it was their private property and it was protected by the Constitution. The middle class person would defend the seizure of any person’s property for this same reason. But if I were to seize the earnings or paycheck of a rich person at a higher rate than one who makes less, most people wouldn’t say a word, and would quietly be for the proverbial “rob the rich and give to the poor” mentality and action. Why do most people ignore other people’s rights to keep their private property from the hands of the government unless they are justly compensated? The answer to that is simple. People generally don’t care about right or wrong in this situation. They care only about getting something for themselves and if that something comes from the rich via the government, then that is ok. But it isn’t ok in reality. It tars the person who allows the government to do so and it makes the government no better than an extortionist. It cankers the very soul of the nation and the individual who benefits from these blessings that ultimately makes the government equivalent of an extortionist. If it is not right for me as an individual to demand your private property for my consumption, then it is equally wrong for me to use the government to do my bidding for me. Just because the act of taking the private property without just compensation has been approved by the majority of the people does not make it right. Thievery is thievery even if it happens in the land of thieves.

Private property is not to be taken for public use without just compensation. This would mean that anything the government takes from you must be justly compensated for. Why is that? Any government that does not respect all forms of private property as the property of the individual who rightfully owns it is on the road to totalitarianism and tyranny. That is why the framers put that clause into the Constitution. Private property must be respected for a nation to remain free and absent of totalitarianism.
The 5th amendment of the Constitution states that “Private property shall not be taken for public use, without just compensation.” When most people hear the term “private property”, they think of their home or their land. Private property is so much more than that. It is the money that you earn, the car that you drive, the clothes that you wear, the food in your fridge, and of course the property or house that you own.

Why is it then that people will staunchly defend their land and house from government seizure for public use, yet not utter a word when their earnings or paycheck are seized for public use. In fact, most people seem to be ok with the idea that the government can tax the rich more and give it to the poor. But is this just compensation to the one who had their earnings seized? Of course it isn’t. The compensation goes to one who never earned it.

If I were to walk up to a middle class person and tell them that I thought they lived in too big of a home, so I was going to take ˝ of that home, that person would tell me that I couldn’t because it was their private property and it was protected by the Constitution. The middle class person would defend the seizure of any person’s property for this same reason. But if I were to seize the earnings or paycheck of a rich person at a higher rate than one who makes less, most people wouldn’t say a word, and would quietly be for the proverbial “rob the rich and give to the poor” mentality and action. Why do most people ignore other people’s rights to keep their private property from the hands of the government unless they are justly compensated? The answer to that is simple. People generally don’t care about right or wrong in this situation. They care only about getting something for themselves and if that something comes from the rich via the government, then that is ok. But it isn’t ok in reality. It tars the person who allows the government to do so and it makes the government no better than an extortionist. It cankers the very soul of the nation and the individual who benefits from these blessings that ultimately makes the government equivalent of an extortionist. If it is not right for me as an individual to demand your private property for my consumption, then it is equally wrong for me to use the government to do my bidding for me. Just because the act of taking the private property without just compensation has been approved by the majority of the people does not make it right. Thievery is thievery even if it happens in the land of thieves.

Private property is not to be taken for public use without just compensation. This would mean that anything the government takes from you must be justly compensated for. Why is that? Any government that does not respect all forms of private property as the property of the individual who rightfully owns it is on the road to totalitarianism and tyranny. That is why the framers put that clause into the Constitution. Private property must be respected for a nation to remain free and absent of totalitarianism.
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