But by and large, secure property rights are almost universally accepted by Americans as a critical pillar of our economy. While the right of property in the abstract is generally uncontested in all societies embracing democratic market capitalism, different degrees of property protection do apparently foster different economic incentives and outcomes.
Someone who owns a piece of land, but is restricted to a specific use, does not have unequivocal ownership and will act accordingly. Indeed, economic regulation, by its nature, impinges on the exercise of a property right.