be for property holders.) The novelty of the Cato Institute formulation would lie in the extrapolation. In the case of savings, for example, the extension would be an assertion of property rights in money held in savings or collected tax revenues. The first desiderata was part of John McCain's campaign platform as the 2008 Republican presidential nominee. McCain's website says, "John McCain believes [that] the key to health care reform is to restore control to the patients themselves." Political consequences and unexpected consequences Consistently with the basic tenet, proponents of an ownership society usually support inherited wealth, and oppose inheritance taxes and wealth taxes. They are also likely to favour a pattern of property ownership based on the purchase, rather than rental, of accommodation. The consequences for health and education are heavily dependent on details of implementation. For example, ownership in one's child's education, for a parent, might be in the form of an education voucher, a vote in the running of a school, influence on the school curriculum, or a generalised 'right' to have a child educated in line with one's own values. One example from the UK of an unexpected or unintended consequence of government policy favouring direct share ownership, through some oversubscribed privatisation issues, was the holding of small parcels of shares by individuals numbered in millions. This broad-based ownership created an administrative overhead, for example in relation to every shareholder vote. Quotations The really big money in America comes not from working at all but from owning, which requires no expenditure of effort, either physical or mental. In short, working hard is not in and of itself directly related to the amount of income and wealth that individuals have. - The Meritocracy Myth by Stephen J. McNamee and Robert K. Miller, Jr. University of North Carolina at Wilmington. We Conservatives have always passed our values from generation to generation. I believe that personal prosperity should follow the same course. I want to see wealth cascading down the generations. We do not see each generation starting out anew, with the past cut off and the future ignored. - John Major conference speech, 1991. ...if you own something, you have a vital stake in the future of our country. The more ownership there is in America, the more vitality there is in America, and the more people have a vital stake in the future of this country. -