Comments on: All Rights Are Property Rights http://www.ultimateminority.com/2008/12/15/all-rights-are-property-rights/ Whenever you find that you are on the side of the majority, it is time to reform - Mark Twain Sun, 30 Oct 2011 05:21:23 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: DM http://www.ultimateminority.com/2008/12/15/all-rights-are-property-rights/comment-page-1/#comment-22 DM Thu, 18 Dec 2008 21:36:55 +0000 http://www.ultimateminority.com/?p=147#comment-22 I didn't get into the mixing of labor with land to create property, but that is one of the fundamental concepts, so thanks for filling it in. I'm not sure, but it seems like you were also talking about the claiming of land that was previously unowned. That is a topic I have written of elsewhere. To lay claim to unowned land, one must mix his labor with it to lay claim, and must not trespass on another's claim. I think we're on the same page here. BTW, Jim Rogers (big-name investor of the Austrian School) thinks farming is the next big thing; he's investing in it all over the place. He thinks there is a shortage of farmers, and farm equipment. I also appreciate your thoughts on recessions presenting opportunity for those with less property. That is one of the "silver linings" in the Fed's manipulation of the market. An interesting point on inheritance of property: Families building wealth over time create opportunities for successive generations, by acquiring property and saving, then passing it on. It's no coincidence that estate taxes came along about the time of the Federal Reserve (I think it may have even been the same year.) The Fed is designed to rob us of our property, and the estate tax is complimentary in that it does not allow us to build our family wealth over generations. Thanks for the feedback Erwin! I didn’t get into the mixing of labor with land to create property, but that is one of the fundamental concepts, so thanks for filling it in. I’m not sure, but it seems like you were also talking about the claiming of land that was previously unowned. That is a topic I have written of elsewhere. To lay claim to unowned land, one must mix his labor with it to lay claim, and must not trespass on another’s claim. I think we’re on the same page here.

BTW, Jim Rogers (big-name investor of the Austrian School) thinks farming is the next big thing; he’s investing in it all over the place. He thinks there is a shortage of farmers, and farm equipment.

I also appreciate your thoughts on recessions presenting opportunity for those with less property. That is one of the “silver linings” in the Fed’s manipulation of the market.

An interesting point on inheritance of property: Families building wealth over time create opportunities for successive generations, by acquiring property and saving, then passing it on. It’s no coincidence that estate taxes came along about the time of the Federal Reserve (I think it may have even been the same year.) The Fed is designed to rob us of our property, and the estate tax is complimentary in that it does not allow us to build our family wealth over generations.

Thanks for the feedback Erwin!

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