I have often argued that the right to private property is conditional on having paid the taxes due to acquire that right of ownership, whether that tax was due directly in the course of its acquisition or indirectly to . In other words, the right to any property, whether it is an asset or an income stream is to own that asset net of the taxes due on acquiring or keeping it.
Lo and behold look at part of the European Convention on Human Rights:
That means if you don’t pay tax of £45,000 on income of £100,000 you lose the right to that £100,000 altogether. Likewise, if you avoid 5% stamp duty on a property you forfeit the right to that property, albeit the property is worth £2m and you only owe £100k. When The State auctions your house they are entitled to everything.
That’s what conditional means, you see? If you don’t meet the condition, you don’t get it.
And, as I always say, the right to own property is conditional on paying the tax due. The ECHR above clearly states that. No tax, no property.
You may be mistaken in thinking that this simply reserves the right of The State to collect property in lieu of monetary sums but the draughtsman of the European Convention of Human Rights clearly had read my earlier philosophical writings on this subject. Clearly.
Humans of Europe, you’re welcome.