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Property is indefinite (it exists as long as the legal system remains the same); fresh water is a limited resource. Care to explain which "same reason" applies
by tremon 4y ago
Property is indefinite (it exists as long as the legal system remains the same); fresh water is a limited resource. Care to explain which "same reason" applies to finite and infinite resources equally?
- JumpCrisscross 4y ago> fresh water is a limited resource A river running through a property is less limited than its mineral rights. Water rights aren’t about access to a specific amount of water but about the right to a flow that gets seasonally replenished. I’m not arguing that the way we do water rights makes sense. Just that it’s the way because it’s property.
- s1artibartfast 4y agoSome ground water is almost identical to mineral rights, particularly aquafers which are not replenished. There is water that has been there for a hundred thousand years, and can be either used up, left in place, or somewhere in-between. If you buy/own rights to such water, it is not dissimilar to an oil field or mineral mine.