I've addressed this aspect of #barnlaw several times before, so I won't give a full recap of that, but briefly:
* property consists of bundles of rights
* the property that I purchased came with several encumbrances (utility easements, setbacks) and several offsetting rights >>>https://twitter.com/meta_nomad/status/1433044551405604867 …
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4/ the existing legal regime. I'd love to live in a world where all property rights are mediated by nothing by competing free market feed registries (I wrote two novels about that topic!), but we live in a world where the closest to private property we get is that using >>>
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5/ the government deed system and the government zoning system. If I buy a share of stock, under a legal regime where the insiders at that firm are not allowed to trade in advance of public release of information (even if that law comes down from a BS federal government) >>>
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6/ then I have, in a very real sense, a property right interest in not just the share of stock that I purchased, but all of the additional restrictions that give value to that share of stock. If I sank my life savings into stock and then the CEO and CFO looted the firm >>>
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7/ by some financial manipulations and sold their shares on private information, would your argument be "stop crying, bro, their shares were private property, they can do what they want?" or would you see that (a) gov had created a set of property rights, and (
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8/ (b) to issue stock under a given legal regime and then to !@# over the guy who buys the stock by not enforcing that regime is a form of theft / anarchotyranny ?
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End of conversation
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