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As we celebrate our nation’s 250th anniversary, I’d like to highlight some foundational pillars that our Founding Fathers established, allowing businesses to flourish.
Because of their wisdom, the U.S. became a place where risk-taking was rewarded, innovation was protected, and power was constrained. One of the first pillars is protection of private property.
Our Founders had firsthand experience of a monarchy’s ability to covet and seize property arbitrarily.
In Exodus 20:17, God commands, “You shall not covet your neighbor’s house. You shall not covet your neighbor’s wife, or his male or female servant, his ox or donkey, or anything that belongs to your neighbor.”
Our Founders wisely instituted protections of private property in the Constitution’s 5th Amendment. This enabled entrepreneurs to build and invest, without concern of property being seized.
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