| There's a lot of legal history there. The US never had feudalism. The overthrow of feudalism resulted in reduced land rights for large landowners. There's another amusing historical accident - Blackstone.[1] Blackstone's Commentaries[2] are a self-contained four volume set on how the English legal system worked. They had a strong influence on the US legal system. Most of the drafters of the Constitution read them. There were few if any law libraries, but many copies of Blackstone. Blackstone was a property rights absolutist. He wrote: "So great moreover is the regard of the law for private property, that it will not authorize the least violation of it; no, not even for the general good of the whole community. If a new road, for instance, were to be made through the grounds of a private person, it might perhaps be extensively beneficial to the public; but the law permits no man, or set of men, to do this without consent of the owner of the land. In vain may it be urged, that the good of the individual ought to yield to that of the community; for it would be dangerous to allow any private man, or even any public tribunal, to be the judge of this common good, and to decide whether it be expedient or no."[3] This is further than English law goes. US law arose from that interpretation. That's the power of writing the most widely read book on the subject. [1] https://en.wikipedia.org/wiki/William_Blackstone [2] https://en.wikipedia.org/wiki/Commentaries_on_the_Laws_of_En... [3] https://press-pubs.uchicago.edu/founders/documents/v1ch16s5.... |
For good reason, one can suppose. Wealth flows downstream from the concept of private property whose rights are strongly guarded by law. An "ideal" amount of property rights, if one exists at all, is likely much closer to absolute than zero.