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Weekend Reading: The Property Illusion

Posted by Larry Doyle on April 13, 2013 6:23 AM |

I have no doubt that given the need for sources of revenue by Uncle Sam and other sovereign governments, the topic of “the protection of property rights” will be increasingly brought front and center in the public arena.

We saw this play out in Cyprus just a few weeks back, and we witness another example of this topic just the other day in a WSJ article, Now He’s After Your 401(K).

What some ideologues might view as “equitable redistribution,” other individuals who have worked long and hard for property would view as expropriation without proper compensation.

Do you think that this topic might be reason, if not partial motivation, for the steady stream of firearm sales?

The central tenet of capitalism is in play here. You do not think so? I do. Izabella Kaminska does as well as she writes:

When property rights – the backbone of capitalism – are questioned, so is the entire capital and free market system that comes with it.

Read her entire commentary in today’s Financial Times, The Property Illusion.

Have a great weekend and make sure you continue to . . . navigate accordingly.

Larry Doyle

Isn’t  it time or overtime to subscribe to all my work via e-mail, an RSS feed, on Twitter or Facebook.

I have no business interest with any entity referenced in this commentary. The opinions expressed are my own. I am a proponent of real transparency within our markets so that investor confidence and investor protection can be achieved.

  • Peter Scannell
  • Why else do you think billionaires are dumping consumer stocks!

    Remember: “First come, first served”
    Like the Billionaires dumping stocks – get it out of the banks now and invest in something tangible. Plant a garden, put solar on your roof – you may not want to leave those 401ks and mutual funds just sitting there because they may not be there when you need them most. [Ed. DeadlyClear]

  • Small BD

    We should be allowed to purchase assault weapons through our IRA’s and 401K’s. That way, we can enlist the IRS as an additional safeguard when a teenager doesn’t seem to care about the early withdrawal penalties.

    Remind me,- what was the topic?

  • Peter Watts

    Forgive me Larry but I fail to see how owning a firearm would have enabled Izabella Kaminska’s family to have retained title and possession of the land which was confiscated. If Uncle Sam decided to confiscate property which its citizens owned who would the owner of the property shoot? The subject of state appropriation of private assets, following “Cyprus” is a real one. Trying to use the possible threat as an excuse to allow Joe public to arm themselves is a red herring.

    • LD


      Perhaps I should have been more explicit.

      I do think that people are increasingly nervous about the growing intervention of government into their lives along with a pervasive economic insecurity. The results of which are leading people to purchase firearms and safes like there is no tomorrow.

      The link is not necessarily a direct connection but merely another example of the growing presence of government intervention and the assault on property rights creating a sense of insecurity that is then alleviated by people purchasing forearms and safes so as to feel more secure.

  • Bill

    Larry – you inspired me.

    Every now and then I get riled up. Because of my present job, I am more free to express my opinion.

    Primer on Obama’s Cap

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