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Politics : Politics for Pros- moderated
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To: LindyBill who wrote (283182)12/11/2008 5:54:19 PM
From: TimF  Read Replies (1) of 793927
 
The value of the land is as derivative of human effort as the value of other things.

Land is useful and has an economic value because of what can be done with it, or what has been done to it. Not because its a simple plot of dirt. If you fence it and farm it, or if you build an office building on it, you can make it more valuable. Without doing anything to it its value is less, and that value is based on the potential to do something with it.

Beyond that I don't buy the "you can only own what you have access to" idea.

Land on the moon is essentially of zero value today, because there is no way to take secure ownership of it.

If there was such a system it would still be or relatively minimal value because the actual returns from using it would be uncertain and not near term.

But if such a legitimate system of property rights over the moon existed and you bought some, I'd consider you just as much an owner as anything you can currently physically access, or anything you created yourself.
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