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> Property rights are enforced by the government, it's only fair that they receive compensation for that. The compensation they extract has nothing to do with
by jessriedel 11y ago
> Property rights are enforced by the government, it's only fair that they receive compensation for that.
The compensation they extract has nothing to do with the cost of enforcing property rights, because those costs are trivial.
- goldbrick 11y agoNot trivial at all, just mostly invisible and most of us who've only known modern western societies never give it a second thought.
- jessriedel 11y agoTry again. Law enforcement was just 9% of the Cupertino municipal budget in 2015. http://www.cupertino.org/index.aspx?page=1222 http://www.cupertino.org/index.aspx?page=1222 What fraction of that do you want to bet has anything to do with protecting private property, as opposed to the large revenue generating activities like parking tickets?
- goldbrick 11y agoLike I said, completely invisible to you.
- djschnei 11y agoTry again. That "protection" you're referencing is actually the natural cooperation between rational actors that capitalism and market economies in general foster and perpetuate. Capitalism is the invisible hand, not government.
- goldbrick 11y agoGo to school, kid: http://www.investopedia.com/terms/p/property_rights.asp http://www.investopedia.com/terms/p/property_rights.asp
- djschnei 11y agoI've been studying economic theory for the majority of my life, have a PhD, and I am a fellow at one of the most prestigious econ think tanks in the world. I've gone to school. I do appreciate being called a kid though. Is your point that they need a blank check to protect property rights? Because that's preposterous and would only demonstrate your own misunderstanding of property rights (or rights in general).
- goldbrick 11y agoLet's see your dissertation then.
- djschnei 11y agofor professional reason (i.e. mixing personal social media activity with links to my professional work) I can't post that here. Against our social media policy, and is generally in bad taste. Undoubtedly, you will take that as "I can't since it doesn't exist", but I couldn't really care less.
- djschnei 11y agoIf you care to educate yourself on the point I was making: https://fee.org/articles/capitalism-and-cooperation/ https://fee.org/articles/capitalism-and-cooperation/
- 11y ago