Difference between revisions of "Property"
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==Property rights== | ==Property rights== | ||
| − | '''Property rights''' refers to issues surrounding the ownership of property or capital. In Marxist theory, individual property rights are abrogated and [[theft]] legalized.<ref>''Marxist Law'' (n.d.). Retrieved March 11, 2019 from https://www.allaboutworldview.org/marxist-law.htm</ref> This is a violation of fundamental [[human rights]]. | + | '''Property rights''' refers to issues surrounding the ownership of property or capital. In Marxist theory, individual property rights are abrogated and [[theft]] legalized.<ref>''Marxist Law'' (n.d.). Retrieved March 11, 2019 from https://www.allaboutworldview.org/marxist-law.htm</ref> This is a violation of fundamental [[human rights]].<ref>Article 17 of the Universal Declaration of Human Rights states that ‘everyone has the right to own property alone as well as in association with others [and] no one shall be arbitrarily deprived of his property’.</ref> |
===Title=== | ===Title=== | ||
Revision as of 01:15, March 12, 2019
Physical 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, other than land, is unconsumed labor stored up ("value added") in an improvement or vendible commodity. In the normal functioning of the economic system, the worker sells their labor, using the unconsumed produce of other people's labor (Marxists call this "the means of production") for which they are paid in money and relinquish any future claims over the value added produce of their labor.
Property gain be acquired either through employment or inheritance.
Property rights
Property rights refers to issues surrounding the ownership of property or capital. In Marxist theory, individual property rights are abrogated and theft legalized.[1] This is a violation of fundamental human rights.[2]
Title
Legal title to property grants the owner certain enforceable rights.
Types of property
"Real property" is land; manufactured goods, buildings, tangible property, intangible property such as intellectual 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 economic process in motion and employ more people.
Money as a form of property
Money, a form of property, is a representation of unconsumed labor for exchangeable purposes.
Modern issues
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.
Foreign ownership
Thailand
In Thailand, foreigners are not allowed to own land.[3] This law is from long ago, and made because the King then wanted to keep culture how it was. Today, foreigners can own property by getting around law, like creating companies or owning land through a straw-man.
Other types
Property in philosophy or theology is an attribute of something that does not consist of its essence, but follows from its essence.
References
- ↑ Marxist Law (n.d.). Retrieved March 11, 2019 from https://www.allaboutworldview.org/marxist-law.htm
- ↑ Article 17 of the Universal Declaration of Human Rights states that ‘everyone has the right to own property alone as well as in association with others [and] no one shall be arbitrarily deprived of his property’.
- ↑ Foreign nationals in Thailand are allowed to own apartments (units) in an officially registered condominium complex and/or buildings as distinct from its land. Foreigners are not allowed to freehold land but are entitled to a registered leasehold of up to 30 years for all types of titled land. With appropriate extension and purchase options a 30 year lease can become as valuable as freehold purchase. Property in Thailand