Legal academics call this substituting a property rule for a liability rule.
At the same time, the core functions of government, such as enforcing property rights, rule of law and economic openness, can be accomplished by small governments.
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High-tax countries invariably lag be-hind low-tax countries. n Property rights and the rule of law.
Property rights and the rule of law are essential for businesses to be created and to expand.
Prosperity depends on sound money, free markets, private property, and a rule of law that protects individual rights.
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All intellectual property violates the efficiency rule that price should equal marginal cost of reproduction, which for knowledge is nearly zero.
Property rights, the rule of law, transparency and even trust count, too.
America, with her protections of property rights, the rule of law and respect for the profit motive has historically been blessed with many such entrepreneurs.
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It occurred because billions of souls have been able to pull themselves out of poverty thanks to global free trade, property rights, the rule of law and entrepreneurship.
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In a market system based on private property rights and the rule of law, people are free to choose, and prices reflect relative values that consumers place on alternatives.
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The poorest countries can hope to catch up if they establish the basic economic institutions (starting with property rights and the rule of law) and do lots of other things right.
After decades of literally throwing money at the problem of global poverty, the emphasis has switched to securing property rights, buttressing the rule of law and allowing the world's workers to profit from their labor and retain its rewards.
CNN: McCain's August 6, 2007, speech addressing private property rights
The Commons sits at 11.30am on Tuesday for Foreign Office questions, and then the former Environment Secretary Caroline Spelman has a ten minute rule bill on Property Blight Compensation - doubtless not unrelated to the proposed HS2 high speed rail project.
Those institutions include sound money, private property rights protected by the rule of law and limited government, interest rates and other relative prices that are free to move in line with market forces, and taxes and regulations that do not destroy incentives to work, save, and invest.
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My contention is that this is about the rule of law and property rights, not taxation per se.
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Even in countries where the rule of law and property rights has a stronger history, the rules can change in an instant.
Its foundation is a healthy respect for property rights and a constitutional-based rule of law.
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Start with a key rule: any money or property you receive is presumed taxable unless you can prove it falls into a recognized exception.
The main problem is a tax rule penalizing charities with debt-financed property.
Priests in the early days of the church were married: some argue that the only reason the rule was introduced was to ensure all property went to the church, rather than priests' children.
Despite all the talk about increased sophistication in the Chinese and Indian economies, the U.S. remains home to a highly educated workforce and an enforceable rule of law designed to protect intellectual property.
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Highly populated places can prosper when people are free to start businesses, keep most of what they earn and are protected by the Rule of Law, especially pertaining to property rights and individual equality.
Highly populated places can prosper when people are free to start businesses, keep most of what they earn and are protected by the Rule of Law, especially pertaining to property rights and individual equality before the law.
The challenge will be to engage on fundamental reform and return to sound money under a rule of law that safeguards persons and property, including the property right a person has in the future value of money.
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The family had a property in Belfast and felt very strongly about opposing Home Rule.
In addition, the rule permits the centralization and management of intellectual property in a foreign company and the receipt of royalties from related foreign subsidiaries without current U.S. taxation.
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The other important rule is that your deductions for all appreciated property (including art and stocks) can't exceed 30% of your income, although you may carry over unused deductions for five years.
It creates an unfair, jump-the-gun, time-to-market advantage, by ignoring the rule of law standard of securing permission from property owners before use in the marketplace, a business practice that law-abiding competitors must respect.
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