In short, they may take any man's property, and give it, or sell it, to whom they please, and on such conditions, and at such prices, as they please; without any regard to the rights of the owner.
Spooner warns that the state can seize property without regard for ownership rights.
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And whenever any number of men, calling themselves a government, do anything to another man, or to his property, which they had no right to do as individuals they thereby declare themselves trespassers, robbers, or murderers, according to…
And yet these reasons, which are really no reasons at all, are the only ones, so far as I know, that have ever been offered for this absurd and brutal doctrine.
In this manner all unjust laws are established, and made operative against the rights of the people.
Proud from victory, and with their swords in their hands, would they surrender their liberties to a private man?