For better or worse, it's really not. What property is depends on what rules the government sets up to protect and/or regulate it, so if the government is reasonably democratic, the nature and scope of those rules is based on what the people want them to be.
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Both the fifth and fourteenth Amendments to the US Constitution provide due process protections for "Life, Liberty, and Property" a reading of any number of founding documents (for the United States) shows clearly that the Founders held property rights to be as important as other human rights...and I agree with them whole heartedly