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Inverse View
It is not the case that An owner may hold a property right even when ownership makes them worse off, such as inheriting a liability-laden estate, which severs the welfare-right link.
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Reasons For
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1.
If property rights have no connection to human welfare, their normative justification becomes obscure—why should we recognize or enforce them?
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2.
Accepting negative-welfare ownership creates perverse incentives where legal systems might recognize harmful 'rights' detached from legitimate interest.
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3.
The distinction between legal possession and meaningful property rights may collapse; owning a liability-laden estate differs fundamentally from true ownership.
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Reasons Against
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Reason against
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1.
Property rights are legal-institutional constructs that can exist independently of their welfare consequences for any particular holder.
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2.
A person can voluntarily accept burdens (like inheriting debt) and still possess genuine rights over the encumbered property itself.
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3.
Grounding property rights in welfare outcomes would make ownership contingent and unstable, undermining their function as secure entitlements.
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