In my various doings, toss-abouts, and private follies, I’ve known many socialists or quasi-socialists. I don’t know how common that is, to know a lot of socialists; nor do I know if I actually do know “a lot,” since there are probably many people who know lots more. Seems like a lot to me. I guess any would seem like a lot.
Anyway, my point is to say that I always profoundly disagreed with them on a lot of things, but the big one—and the reason I could never be a socialist, or even a proper Marxist—is that I’m big on property. I think reasonably strong property rights are not just important, but fundamental to a working democracy and liberty generally. I think it’s so plainly obvious that it’s not even worth arguing about. Property rights are a funny thing though; libertarians—hard libertarian, not the vague Ron Paul-ish ones—take the extreme view that property rights precede all civil society. In other words, they are inviolably ours, to the degree that the state can have no powers that conflict with that right.
This isn’t a very common view; the Constitution itself gives the government the power of eminent domain in its 5th Amendment “takings clause.” The takings clause allows the government to take any property for a “public use” so long as it is done via due process and pays a “just compensation.” So our starting point, as a society, is that the right to and dominion over your property is not 100% absolute. The debate then settles in on what is an appropriate framework, or the optimal limits, for our property rights.
Consider two examples:
In the first, you are you. You work for a firm as, say, a designer of some kind. You lead a team, but don’t have any management authority. You’re there for five years. You get incremental raises every six months. You’re five years in, and you make $65,000 a year now, and pay about $18,000 in taxes. Now, a management position just under the executives, say, two levels above you, opens up. You interview and you get the job. Now you make $174,000 a year, and pay $55,000 in taxes, or a 5% greater rate. Is that fair?
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