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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, other than land, is unconsumed labor stored up in an improvement or vendible commodity.
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, other than land, is unconsumed labor stored up in an improvement or vendible commodity.
[[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 referred to as "[[capital]]," which then is used to set the set the economic process in motion and employ more people.
[[Money]], a form of property, 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 referred to as "[[capital]]," which then is used to set the set the economic process in motion and employ more people.
In the normal functioning of the economic system, the worker sells their labor, using the unconsumed produce of other people's labor ([[Marxist]]s call this "the means of production") for which they are paid and relinquish any future claims over the produce of their labor.
In the normal functioning of the economic system, the worker sells their labor, using the unconsumed produce of other people's labor ([[Marxist]]s call this "the means of production") for which they are paid and relinquish any future claims over the produce of their labor.