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I think it would be immoral for land property rights to operate in the way you want them to. Property rights for copyright, tractors, land, etc all work differe
by tdaltonc 4y ago
I think it would be immoral for land property rights to operate in the way you want them to. Property rights for copyright, tractors, land, etc all work differently so there's no obvious "most ethical" way to manage property rights. This legal property rights are usually different for good reasons. The Real Estate rights bundle, for example, is a kind of monopoly. I think it's ethical that that bundle of rights should come with an obligation to pay a kind of rent to society for that monopoly for the same reason that the right to own a slice of radio frequency spectrum comes with a rent to society. A good method for determining the relative size of that rent (in both cases) is based on its market value (ie in proportion to the value that other members of society place on that monopoly).
https://www.investopedia.com/terms/b/bundle-of-rights.asp https://www.investopedia.com/terms/b/bundle-of-rights.asp