"Jefferson saw in the widespread ownership of land, in families made self-sufficient and independent by their farming, the best defence that could be erected against the arrogation of additional powers by the State, or by any who might wish to construct an economic or political oligarchy. Men, he frequently said, had not sought freedom in order to acquire property, but, rather, had acquired property in order to ensure freedom... Jefferson's analysis of democracy is one that still possesses a certain relevance. In so far as he believed that even the democratic State could become an elective tyranny, he spoke prophetically. In so far as he believed that property provided the best defence against that tyranny, he reminds us all of the importance of property, and of the dangers to democracy that result from its abolition."
Thomas Jefferson

January 1, 1970