Sunday, November 28, 2010

On The Distributional Effects of Property Rights: Solar Edition

 Spanish Woman Claims Ownership Of The Sun

The document issued by the notary public declares Duran to be the "owner of the Sun, a star of spectral type G2, located in the centre of the solar system, located at an average distance from Earth of about 149,600,000 kilometres".

Duran, who lives in the town of Salvaterra do Mino, said she now wants to slap a fee on everyone who uses the sun and give half of the proceeds to the Spanish government and 20 percent to the nation's pension fund. She would dedicate another 10 percent to research, another 10 percent to ending world hunger -- and would keep the remaining 10 percent herself.

"It is time to start doing things the right way, if there is an idea for how to generate income and improve the economy and people's well-being, why not do it?" she asked.

Free rider problem aside, I can't help but wonder what Bastiat would have to say.

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