How should an Objectivist legal system deal with abandoned property?
At present, governments have various means of disposing of unclaimed property such as bank accounts, cars and occasionally land. Such property can be abandoned for many reasons, such as the death of an owner who leaves no heirs, or deliberate abandonment because the property no longer has significant value. In many instances (no surprise) the government itself will take it. How should an Objectivist society treat such property?
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The root meaning of "property" is also lost. I have a coin from Cato the Younger. The obverse says PRO PER. He struck them from his own silver on his own authority to buy the (temporary) loyalty of the people of Utica. (There's a lot of PRO words and PER words in Latin, both rooted in PR="first"). We accept it as "for himself" but it just meant "for during" i.e., for the exigent circumstances.
My point is that we build concepts that are represented by somewhat arbitrary sounds. It is something of an accident that we call stuff "property." We could call it "vork." But it is not entirely an accident. The word "property" was invented from PRO PER (as in "right and proper") for a reason, otherwise, it would not have been understood by the people of the Middle Ages. The Romans understood "propertus" only as "haste." The underlying idea, though, is that ownership in property is fleeting, not eternal.
That may be a false idea. The seemingly obnoxious Digital Millennium Copyright Act might correctly identify the fact that intellectual property - Mickey Mouse in particular - never passes to the public domain, but must always belong to someone.
Rand pointed out that in the case of copyright, the law properly protects the expression (print, performance), but not the ideas. You cannot prevent someone from knowing what they know. That is the "brainwaves" you refer to: they are not separable property, but in and of your person -- at least for the present...
There was a libertarian theorist, Andrew J. Galambos (https://en.wikipedia.org/wiki/Andrew_... who gave lectures for which he demanded and got people to sign non-disclosure agreements. He prevented them from repeating his ideas, apparently, but, of course, could not prevent them from applying them to their own lives -- which was the purpose of the lectures.
I agree that estate taxes are ridiculous: the taxes were paid on them already.
Again, above, I cited the case of Sir Arthur Conan Doyle versus Jack London. Doyle's estate jealously guarded their rights under UK law, whereas London's works passed into the public domain. As such no one owns them and anyone can use them.
The fact is that intellectual property is non-rival and non-exclusive. So, it must be governed by different laws than land or automobiles. Indeed, cars as "chattels" are separable from the land on which they sit. So, machineries, tools, etc., objective considerations indicate that they should have different kinds of laws, not just rules derived from real estate law.
That was one proper way that the airwaves have been privatized (although the government wrongfully continues to "manage" or "oversee" their use). See "The Property Status of the Airwaves" in Capitalism: the Unknown Ideal. In fact, the Nash Equilibrium auctions brought spectrum rights to new owners at less cost to the individuals, but with greater return to the government.
A simple random number drawing (lottery) would also work, and that also been done.
As a philosophy of reality and reason, Objectivism seeks answers that are based on absolute truths. From that rational-empiricism (the "scientific method"; small-o objectivism), the goal is to find truths that do not depend on tradition, intuition, or revelation.
"Bloodline" might seem obvious to you, but my wife's family has been in America so long that they do not know who the first immigrant was. My four grandparents all came from different places in Europe. My wife and I have this amusing argument about who is "really" a relative. In your case, would you exclude "affines" (what we call "in-laws")? You cannot prove that one way or the other. It is not objective.
Another consideration is to allow the community to decide by vote what is to be done with said property.
Bank accounts should go to the bank.
Cars should go to the prior owner or manufacturer.
Land should revert to prior owner.
Unless this imposes a financial obligation those parties do not wish to assume. That said, property tax should be unlawful.
I find it interesting how specific, deep and broadly accepted these laws are. However, even a titled, large vessel, once it meets the criteria of "abandoned" is simply claimable by a salvage agent (real innovative, aggressive, risk-taking cowboys). I do not know the criteria for the salvage team maintaining claim, or eventually abandoning claim, but there are rules. Once the salvage team has claim, the original owner is out, unless teh owner hired the salvage agent under a specific contract to recover what is possible.
Those cowboys can really be something. Sometimes they recover the entire ship, and it may be refurbished. Sometimes they strip it in place an sink it. One clear issue is if the "abandoned" vessel impedes a waterway. This must be rectified quickly, and changes the calculus.
Cargo, is categorized (stolen from Wikipedia):
Flotsam is floating wreckage of a ship or its cargo.
Jetsam is part of a ship, its equipment, or its cargo that is purposely cast overboard or jettisoned to lighten the load in time of distress and is washed ashore.
Lagan (also called ligan) is goods or wreckage that is lying on the bottom of the ocean, sometimes marked by a buoy, which can be reclaimed.
Derelict is cargo that is also on the bottom of the ocean, but which no one has any hope of reclaiming (in other maritime contexts, derelict may also refer to a drifting abandoned ship).
The remote, hazardous marine environment made these rules necessary a long time ago when capitalism and ruled. Seems like a good place to start by analogy for the benign environment of whiny land lubbers.
Now if the owner walked away from the property because he could not satisfy an obligation to it, then the property title passes to whoever laid the obligation on him. Here we deal not with abandonment by death but with foreclosure.
Thus if an owned thing has a title, some person has a claim on it.
Now if it doesn't have a title, then finders keepers, losers weepers. True, or false?
How else would you have property title pass by default if the owner dies intestate?
The Objectivist theory of unclaimed property (as I understand Ayn Rand's brief comments on this) does not allow the government to take the actual property for its own use. The government is only the keeper of title to the property.
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