A Quote by William Ralph Inge
But the instinct of hoarding, like all other instincts, tends to become hypertrophied and perverted; and with the institution of private property comes another institution-that of plunder and brigandage. In private life, no motive of action is at present so powerful and so persistent as acquisitiveness, which unlike most other desires, knows no satiety. The average man is rich enough when he has a little more than he has got, and not till then.
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Private property is a necessary institution, at least in a fallen world; men work more and dispute less when goods are private than when they are in common.
Perhaps more to the point for TBTF (Too Big To Fail bank), if a SIFI (Systemically Important Financial Institution) does fail I have little doubt that private investors will in fact bear the losses-even if this leads to an outcome that is messier and more costly to society than we would ideally like. Dodd-Frank is very clear in saying that the Federal Reserve and other regulators cannot use their emergency authorities to bail out an individual failing institution
When the rich plunder the poor of his rights, it becomes an example for the poor to plunder the rich of his property, for the rights of the one are as much property to him as wealth is property to the other, and the little all is as dear as the much. It is only by setting out on just principles that men are trained to be just to each other; and it will always be found, that when the rich protect the rights of the poor, the poor will protect the property of the rich. But the guarantee, to be effectual, must be parliamentarily reciprocal.
What I do know is, in little more than 30 years, we have gone from a nation where the “quiet enjoyment” of one’s private property was a sacred right, to a day when the so-called property “owner” faces a hovering hoard of taxmen and regulators threatening to lien, foreclose, and “go to auction” at the first sign of private defiance of their collective will ... a relationship between government and private property rights which my dictionary defines as “fascism.”
It is therefore our business to restore economic freedom through the restoration of the only institution under which it flourishes, which institution is Property. The problem before us is, how to restore Property so that it shall be, as it was not so long ago, a general institution.
The average man is rich enough when he has a little more than he has got.
A people averse to the institution of private property is without the first elements of freedom
Conscience is the most sacred of all property; other property depending in part on positive law, the exercise of that being a natural and unalienable right. To guard a man's house as his castle, to pay public and enforce private debts with the most exact faith, can give no title to invade a man's conscience, which is more sacred than his castle, or to withhold from it that debt of protection for which the public faith is pledged by the very nature and original conditions of the social pact.
They who assert the purest right, and consequently are most dangerous to a corrupt State, commonly have not spent much time accumulating property. The rich man is always sold to the institution which makes him rich. Absolutely speaking, the more money, the less virtue; for money comes between a man and his objects, and obtains them for him; and it was certainly no great virtue to obtain it.
The right to agree with others is not a problem in any society; it is the right to disagree that is crucial. It is the institution of private property that protects and implements the right to disagree - and thus keeps the road open to man's most valuable attribute: the creative mind.
Every one knows that the heavenly bodies move in certain paths in relation to each other with seeming consistency and regularity which we call [physical] law. ... No one attributes freewill or motive to the material world. Is the conduct of man or the other animals any more subject to whim or choice than the action of the planets? ... We know that man's every act is induced by motives that led or urged him here or there; that the sequence of cause and effect runs through the whole universe, and is nowhere more compelling than with man.
We have a huge institution that celebrates the undistinguished, an institution which is nearly as old as the Papists. It's been going on for millennia. What else is a monarchy but a series of ridiculously exalted figures who are not necessarily distinguished at all? In fact, they have a rather philistine tradition. So perhaps we are more vulnerable to it than other countries.
Next to the right of liberty, the right of property is the most important individual right guaranteed by the Constitution and the one which, united with that of personal liberty, has contributed more to the growth of civilization than any other institution established by the human race.
Nothing provides the antidote to narcissism, or the environment for the healthy raising of children, or the way for people to take care of one another, as does the marriage of a man and a woman. And while most divorces are terribly sad, divorce itself no more undermines the institution of marriage than car crashes undermine the institution of driving.
A corporation is a state created institution, state supported institution, its concentration of private power, there is no reason why it should have the rights of persons.
In the end, it is because the media are driven by the power and wealth of private individuals that they turn private lives into public spectacles. If every private life is now potentially public property, it is because private property has undermined public responsibility.
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