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When it was first composed and for a long time, it was "Life, Liberty and the Pursuit of Property"
Why the change and who had it changed to "the Pursuit of Happiness"?
What was the reason????
The idea of "Life, Liberty and the Pursuit of Property," comes from the natural rights proposed by English philosopher John Locke in the 17th century. The phrase was changed from pursuit of property to pursuit of happiness during the composition of the Declaration of Independence by Thomas Jefferson in 1776 (with support from Benjamin Franklin). We can only theorize why Jefferson chose to change it in the final version of the Declaration---political scientists and historians have debated this for years--although some have argued that it was an attempt to downplay a focus on private property in the document in favor of broader terminology encompassing individual and public well-being. It should be noted that Locke's use of the term property often refered to much more than just privately owned goods and real estate.
There's another reference to life, liberty and property is in the 5th amendment:
Quote:
Nor be deprived of life, liberty, or property, without due process of law; nor shall private property be taken for public use, without just compensation.
However, I'm confused by what you mean if you're insinuating that there was recent change from the term "pursuit of property" to "pursuit of happiness"?
Owning property is happiness. Until the Govt. or state localities come take it away.
That depends. I deal with many property management companies. Many very wealthy people are being bled dry in this economy. They bought and kept buying, now they have up to 70% vacancy rates.
One rule that I've learned. Don't own enough so that it owns you. Let your money work for you.
That depends. I deal with many property management companies. Many very wealthy people are being bled dry in this economy. They bought and kept buying, now they have up to 70% vacancy rates.
One rule that I've learned. Don't own enough so that it owns you. Let your money work for you.
So true. When I was growing up, the path out of wage-slavery was to buy property, fix it up yourself, then sell or rent it out. But over time rentals stagnated, property taxes and utilities exploded, tenants learned they had the power to not pay/do massive damage/then walk away, and of course the real estate sales market (and prices) collapsed.
Yet another path out of wage-slavery slammed shut.
That depends. I deal with many property management companies. Many very wealthy people are being bled dry in this economy. They bought and kept buying, now they have up to 70% vacancy rates.
One rule that I've learned. Don't own enough so that it owns you. Let your money work for you.
And who do we have to thank for that? Dodd and Frank. I can't tell you what I'd like to do to those two traitorous puss balls. I'm in RE so yes, we've all been affected.
It may lead to happiness, and even if it does, so do hundreds of other things.
A honest beer at a tasty price for one. Oh, and that new car smell.
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