Rod M's blog

Monopoly/Rent Seeking vs. Property Rights/Intellectual Property « State of Innovation

Here are three easy questions for Libertarians, Socialists, and Economists to determine if a right is a monopoly or a property right. 1) Does the right arise because the person created something? Creation is the basis of all property rights.  The law is just recognizing the reality that the person is the creator and without that person the creation would not exist.  This is consistent with Locke’s Natural Rights and Ayn Rand’s Objectivism. 2) If someone else was the creator would they have received the right in the creation? This ensures that the right does not arise from political favoritism.

The Constitution and Property Rights – Tenth Amendment Center

It is sometimes suggested that the Founders did not consider property rights important because the term “property” was mentioned only once in the Constitution. The truth is that the Founders were concerned about a range of human values, but property rights were high on their list. Their Constitution and Bill of Rights protected property in many ways: * The Founders were worried that Congress might use the tax system to loot property owners in some states for the advantage of other states. Accordingly, they required that direct taxes (mostly importantly property and income taxes) be apportioned among the states (Article I, Section 2, Clause 3 and Article I, Section 9, Clause 4). They also required that indirect taxes, such as import duties, be levied uniformly (I-8-1 and I-9-6). They flatly denied Congress power to tax exports (I-9-5).

Residents win $2.5M settlement after blaming Seattle for floods

They claimed the city chose to let their homes flood instead of fix the problem. The city admits no wrongdoing in the settlement.The residents across a two block region of the neighborhood said they would get a gush of water pouring into their home every time a severe storm hit.For Grace Stewart, it's a hassle she's been dealing with for decades."I'm mad, I'm very mad," she said. via Residents win $2.5M settlement after blaming Seattle for floods.


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