1. Explain how the United States Constitution protects and limits property rights. The United States Constitution discusses property rights primarily in the Fifth Amendment. It does so through the takings and just compensation clause of the Fifth Amendment. Two important issues are political power, or the power of the government to secure rights, and expropriation, or the power to take property for public use in exchange for the payment of just compensation. There are two ways the government appropriates property. The first is to condemn the property and take title to it. However, more often than not the property is actually used for private rather than public use. The second concerns regulatory initiatives, the owner is almost always inadequate to never compensate for his losses, but the Supreme Court is working to require fair compensation for certain cases. Property is a right we have as Americans. It has the same level of importance as freedom because the government shouldn't be able to take away your freedom just like they shouldn't be allowed to take your property for no reason. The United States Constitution protects property rights using eminent domain. The use of eminent domain means that the government cannot take your property for public use without just compensation. This protects people's assets from the government and allows Americans to maintain their independence and peace of mind. The United States Constitution limits property rights when2. What is the justification for government involvement in income redistribution, and what problems does it create? Most people believe that the government's responsibility is to redistribute income from the rich to the poor and those who are disadvantaged in the world. ....half of the paper ......participate in income seeking. The activity carried out in the market can be ethical or unethical. Individuals in the stock market who engage in rent-seeking practice unethical behavior because they earn money from companies while harming society as a whole. Our government is messed up and if the political-economic structure were rebuilt according to Finbarrian guidelines, the financial sector would represent less than 5% of GDP, rather than approaching 20% ​​of GDP. Some believe that rent-seeking may actually be part of the solution rather than the main problem. Rent seeking can actually help in some circumstances. Works Cited Marotta, David John. “What is rent-seeking behavior?” Forbes. Forbes Magazine, February 24, 2013. Web. March 09, 2014 Dwight R. Lee. "Redistribution of income". The concise encyclopedia of economics. Np, nd Web. March 10. 2014.