The general rule, at least, is that while property may be regulated to a certain extent, if regulation goes too far it will be recognized as a taking.
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Pennsylvania Coal Company v. H. J. Mahon, 260 U.S. 415, 415 (1922).Oliver Wendell Holmes
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General education is the best preventive of the evils now most dreaded. In the civilized countries of the world, the question is how to distribute most generally and equally the property of the world. As a rule, where education is most general the distribution of property is most general.... As knowledge spreads, wealth spreads. To diffuse knowledge is to diffuse wealth. To give all an equal chance to acquire knowledge is the best and surest way to give all an equal chance to acquire property.
Rutherford B. Hayes
... it is precisely because it is not a democracy that China will likely be so successful...What is of vital importance for economic success is economic freedom, meaning the protection of private property, the rule of law, and minimal regulation and taxation, not the right to vote.
Peter Schiff
When the qualification to vote is regulated by years, it is placed on the firmest possible ground, because the qualification is such as nothing but dying before the time can take away ; and the equality of Rights, as a principle, is recognized in the act of regulating the exercise. But when Rights are placed upon, or made dependent upon property, they are on the most precarious of all tenures. "Riches make themselves wings, and fly away," and the rights fly with them ; and thus they become lost to the man when they would be of most value.
Thomas Paine
Still, a prince should make himself feared in such a way that if he does not gain love, he at any rate avoids hatred; for fear and the absence of hatred may well go together, and will be always attained by one who abstains from interfering with the property of his citizens and subjects or with their women. And when he is obliged to take the life of any one, to do so when there is a proper justification and manifest reason for it; but above all he must abstain from taking the property of others, for men forget more easily the death of their father than the loss of their patrimony. Then also pretexts for seizing property are never wanting, and one who begins to live by rapine will always find some reason for taking the goods of others, whereas causes for taking life are rarer and more quickly destroyed.
Niccolo Machiavelli
We have parts of our system which are overwhelmed by regulation. It wasn't the absence of regulation that was the problem. It was despite the presence of regulation you got huge risks built up.
Timothy Geithner
Holmes, Oliver Wendell, Jr.
Holmes, Oliver Wendell
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