- 01 Jan 2013 19:38
#14139937
I ran across this letter from Franklin to Robert Morris, and I was curious about your take on it.
http://press-pubs.uchicago.edu/founders/documents/v1ch16s12.html
http://en.wikipedia.org/wiki/Robert_Morris_(financier)
http://press-pubs.uchicago.edu/founders/documents/v1ch16s12.html
http://en.wikipedia.org/wiki/Robert_Morris_(financier)
All property, it seems to me, is the creature of Public convention. Hence, the Public has the rights of regulating descents, and all other Conveyances of Property, and even of limiting the quantity and uses of it. All the Property that is necessary to a Man, for the Conservation of the Individual and the Propagation of the Species, is his natural Right, which none may justly deprive him of, but all property superfluous to such purposes is the property of the Public, who, by their Laws, have created it and who may, by other Laws, dispose of it, whenever the Welfare of the Publick shall demand such Disposition. He that does not like civil Society on these Terms, let him retire and live among Savages. He can have no right to the benefits of Society, who will not pay his Club towards the Support of it. -- Benjamin Franklin
“Poverty is therefore a most necessary and indispensable ingredient in society…It is the source of wealth, since without poverty, there could be no labour” - Patrick Colquhoun, 1745 – 1820