Property ownership is underpinned by the concept of self-ownership; the right to make decisions for yourself. The opposite of self-ownership is slavery. Starting from this premise that you own yourself, it naturally follows that you may trade your time and energy (labor) for money, and you own the things you buy with your money. Most property law in countries like the USA already aligns with the Legal Principle with two exceptions: adverse possession, and eminent domain [link to the following new definition pages: Adverse possession is when someone acquires property by simply occupying it without invitation from the actual property owner. Eminent domain is when the state forcefully acquires property for the ‘greater good’ of society; typically for infrastructure projects.]
Property Law
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