Why do you work and save? Who owns your stuff? The question is discussed here by Professor Michael Rozeff. "If everyone owns everything and everyone’s wealth collectively, then there will be continual conflicts about who gets what. The incentive to produce and preserve wealth will deteriorate. Income production and job opportunities will decline. Economic crisis results from a political determination that property is social, not individual. The alternative is that each and every person has a right to life, liberty and the pursuit of happiness, understanding that this comprises each person’s property rights in the wealth and income that he or she generates, recognizing that each person justly owns what he or she produces, not other people, not society, not the government and not the state."
Posted on: Tue, 09 Jul 2013 12:37:33 +0000
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