Natural Resources

From Libertarian Wiki

Many classic liberals like John Locke, Thomas Paine, and Adam Smith saw that absolute private ownership of land and natural resources undermined the principles of liberty and self-ownership. Afterall, if carried to its logical conclusion, it meant that all the land could be owned by a few individuals, and that no one else would have a right to life or liberty so long as they lived on their property. People would essentially be serfs to the landowners, owing their lives and liberty to the landowners for the mere privilege of living, lest they be prosecuted as trespassers.

Because of this, these classic liberals as well as modern geolibertarians concluded that land is an equal right. This means that one's right to personal possession of land is limited by the equal right of others to the same. This led such groups to advocate a Land Value Tax as a means of upholding this equal right. They asserted that private property came from human effort, not from what nature had provided.

Modern right libertarians disagree with this assessment. They consider all property rights absolute, and consider land ownership to be a fundamental foundation of property rights. They don't make any distinction between property in the fruits of one's labor and property in natural resources.