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'''Property''' in [[law]], [[economics]], [[business]] and for [[tax]] purposes is an extension of, or store of, the produce of unconsumed labor. Private property, i.e. non-public or non-governmentally owned property, is a foundation of Anglo-American law, and central to [[capitalism]] and [[free enterprise]].
'''Property''' in [[law]], [[economics]], [[business]] and for [[tax]] purposes is an extension of, or store of, the produce of unconsumed labor. Private property, i.e. non-public or non-governmentally owned property, is a foundation of Anglo-American law, and central to [[capitalism]] and [[free enterprise]].
Property is, and the [[Supreme Court]] has held, an extension of a person's [[labor]]. The [[value]] of a [[person]]'s labor is stored up in property. Much labor is consumed in the process of labor, or disappears in the instant of its production. Property is unconsumed labor. [[Money]] is a representation of unconsumed labor for exchangeable purposes. "Real property" is land; manufactured goods, buildings, [[intellectual property]], and tangible property is the produce of labor that is consumed slowly, or depreciates over time.
Property is, and the [[Supreme Court]] has held, an extension of a person's [[labor]]. The [[value]] of a [[person]]'s labor is stored up in property. Much labor is consumed in the process of labor, or disappears in the instant of its production. Property is unconsumed labor. [[Money]] is a representation of unconsumed labor for exchangeable purposes. "Real property" is land; manufactured goods, buildings, [[intellectual property]], and tangible property is the produce of labor that is consumed slowly, or depreciates over time. Unconsumed labor is often refereed to as "[[capital]]," which then is used to set the set the economic process in motion and employ more people.
In modern times there is universal condemnation of treating human beings as property, though only [[abortion]] and [[stem cell]] research implicitly treat human life as though it were property.
In modern times there is universal condemnation of treating human beings as property, though only [[abortion]] and [[stem cell]] research implicitly treat human life as though it were property.