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Personal property and Marxism. An attempt to explain the Marxist misconception. Needs work.
'''Private property''' means assets that can be acquired, transferred and controlled by individuals rather than [[government]], such as [[land]], [[house]]s, [[chattel]]s, and [[goods]]. It is characterized by a single owner with absolute dominion over the [[property]]. When two or more owners have a claim or if the ownership is temporary or limited, it is not private property. Private property, in the [[United States of America]], is [[constitution]]ally protected by [[state]] and [[federal]] constitution (see: [[Fifth Amendment]])
'''Private property''' means assets that can be acquired, transferred and controlled by individuals rather than [[government]], such as [[land]], [[house]]s, [[chattel]]s, and [[goods]]. It is characterized by a single owner with absolute dominion over the [[property]]. When two or more owners have a claim or if the ownership is temporary or limited, it is not private property. Private property, in the [[United States of America]], is [[constitution]]ally protected by [[state]] and [[federal]] constitution (see: [[Fifth Amendment]])
Private property is one of three major forms of ownership. The other two are [[collective property]] and [[common property]].
Private property is one of three major forms of ownership. The other two are [[collective property]] and [[common property]]. In Marxism, private property is viewed differently due to its social impact. This means that for property that is not within the scope of the means of production, it is considered [[Personal property]].
== Exposition ==
== Exposition ==
Since absolute ownership is a right, not a privilege, no American government has the delegated power to tax private property.<ref>Example: Georgia Constitution, Art. 7, Sec. 1, Taxing Authority, Paragraph II. Taxing power limited.</ref> All constitutional delegations of taxing authority are limited to real and personal property (i.e., estate).
Since absolute ownership is a right, not a privilege, no American government has the delegated power to tax private property.<ref>Example: Georgia Constitution, Art. 7, Sec. 1, Taxing Authority, Paragraph II. Taxing power limited.</ref> All constitutional delegations of taxing authority are limited to real and personal property (i.e., estate).
A common misconception, particularly among Marxists, is that property morphs from personal property to private property. No single person should be allowed to own a factory or a farm. Since workers are employed there, there is a social impact to consider. The workers who are employed are said to have a percentage of ownership due to their hard work and toil, leading to friction between private property that must be nationalized.
== Definitions ==
== Definitions ==