We All Own It

In the US context, we've got property rights and many, many things. When it comes to property rights in the sense of incentives, those words have no meaning. We all own it is identical to saying nobody owns it. But I'll give you an interesting observation. In the local parks here in Tucson, we're overrun by homeless like you wouldn't believe. You probably wouldn't take your small children to play in the park. That's because we all own it,. Anybody could just sleep there and call it home.