The arrow that pierced the eye socket of Harold, the Saxon king, decided the Battle of Hastings in 1066. It also set the course for the development of property law. The Norman Conquest in England established political legitimacy of the Conqueror. All land owned by the Saxon nobility was forfeited to King William, who then created our current system of land ownership.
King William’s success in battle ended any dispute over his claim to the English throne. William’s vast redistribution of English lands was an extraordinary establishment of a new Norman aristocracy. William conveyed the land to his relatives, soldiers and to his principal followers who became noblemen (dukes, earls, barons, etc.). The properties transferred consisted of land for use and occupancy along with a variety of rights and privileges (e.g. the right to lease, kick people off, build structures on it and for the eldest son of the owner to inherit).
The historical basis for property ownership is 1) coercive and violent; and 2) aristocratic – substantial asset holdings are controlled by a small, privileged ruling class. That’s the law of the land. It’s important to recognize that our laws are based on enforced private property rights that maintain the American oligarchy.
Substantial wealth owners (who are not Oligarchs) are a powerful minority in the U.S., akin to the noblemen in England hundreds of years ago. Wealth is constantly under siege by political forces questioning the legitimacy and “unfairness” of our economic system. But those who currently control wealth have nothing to worry about. The legal system has been in place for a long time and it’s not going to change. Law and economics has evolved to preserve existing power relationships, not for justice or fairness. That’s why it’s so important for families to acquire and control enough assets to get in, stay in and keep their children and grandchildren in….”the Noble Club” – the Mass Affluent U.S. Aristocracy.
Wealth is power and control, which must be defended from attack. Your estate planning war chest descends from King William and is held despite protests from the political Left. As the peasant in Monty Python and the Holy Grail objected:
Oh, king, eh, very nice. And how’d you get that, eh?
By exploiting the workers! By hangin’ on to outdated imperialist dogma
which perpetuates the economic and social differences in our society.
If there’s ever going to be any progress,–
There’s not. Progressivism is doomed. Enjoy nobility and arm yourself with awareness of the fundamentally coercive and aristocratic nature of law and economics.