It's a massively defective tacit theory of property, practically refuted in 1688 and 1776.
The King could very well have maintained security over the colonies. He was simply afraid to use the methods necessary to do so. He tolerated traitors in the name of free expression or some such nonsense. In fact the colonies had no actual chance in a war, and didn't win.
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Instead, there was a civil war carried out by proxy. The king didn't show up, so he lost by default.
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