Changes

'''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.

== Exposition ==

== Exposition ==

== Ownership ==

== Ownership ==

Ownership can be characterized as either absolute or qualified. Absolute ownership is synonymous with sovereignty or dominion. Only upon one's private property can one pursue happiness without consent of another. Everywhere else, one needs permission (license) from the other owner, landlord or custodian, else he commits a trespass. The sovereignty of the people referred to in the [[republican form of government]] (See: Article 4, Section 4, U.S. Constitution), implicitly recognizes that fact. For sovereignty can only be exercised upon land that one has exclusive and absolute power over. Furthermore, the governments of the U.S.A. also recognize absolute ownership of private property.  No state or federal government levies a tax upon private property. And private property cannot be taken for public use without just compensation (See: Fifth amendment, U.S. Constitution).  

Ownership can be characterized as either absolute or qualified. Absolute ownership is synonymous with sovereignty or dominion. Only upon one's private property can one pursue happiness without consent of another. Everywhere else, one needs permission (license) from the other owner, landlord or custodian, else he commits a trespass. The sovereignty of the people referred to in the [[republican form of government]] (See: Article 4, Section 4, U.S. Constitution), implicitly recognizes that fact. For sovereignty can only be exercised upon land that one has exclusive and absolute power over. Furthermore, the governments of the U.S.A. also recognize absolute ownership of private property.  No state or federal government levies a tax upon private property. And private property cannot be taken for public use without just compensation (See: Fifth Amendment, U.S. Constitution).  

In contrast, estate (real and personal property) is subject to taxation.

In contrast, estate (real and personal property) is subject to taxation.

== Biblical source for absolute ownership ==

== Biblical source for absolute ownership ==

the taxpayer owns on a specified date."

the taxpayer owns on a specified date."

<ref>Black's Law dictionary, sixth ed., p.1218</ref>

<ref>Black's Law dictionary, sixth ed., p.1218</ref>

== References ==

== References ==

==External links==

==External links==