Governments, acting for the public, have long exercised powers - TopicsExpress



          

Governments, acting for the public, have long exercised powers that may affect individual property owners’ use of their land, including the power to tax private property, take property under eminent domain (with compensation), and establish rules with the policing power to enforce them. These are more formal powers, but communities also have auxiliary powers to influence behavior, such as public spending, public ownership, and public opinion. History shows that previously accepted concepts of property have changed with new conditions and passage of time. Early communities treated land and other natural resources as a communal resource held in joint ownership. Under feudalism, status in the community was directly related to the rights a person held in land. Even though the distribution of rights has changed considerably over the generations, understanding this history is important because it provides the basis for our present concept of property rights.
Posted on: Tue, 08 Oct 2013 01:32:54 +0000

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