The essence of private property rights contains three components: the owner’s right to make decisions about the uses of what’s deemed his property; his right to acquire, keep and dispose of his property; and his right to enjoy the income, as well as bear losses, resulting from his decisions. If one or more of those three elements is missing, private property rights are not present. Private property rights also restrain one from interfering with other people’s rights. Private property rights have long been seen as vital to personal liberty. James Madison, in an 1829 speech at the Virginia Constitutional Convention, said: “It is sufficiently obvious that persons and property are the two great subjects on which governments are to act and that the rights of persons and the rights of property are the objects for the protection of which government was instituted. These rights cannot well be separated.”
Something for twenty-something, know-nothing socialist hipsters such as Ocasio-Cortez and her fellow 'ocasionalists' to think about.