...For the institution of private property has been a powerful instrument for teaching men and women responsibility, for providing motives to integrity, for supporting general culture, for raising mankind above the level of mere drudgery, for affording leisure to think and freedom to act. To be able to retain the fruits of one’s labor; to be able to see one’s work made permanent; to be able to bequeath one’s property to one’s posterity; to be able to rise from the natural condition of grinding poverty to the security of enduring accomplishment; to have something that is really one’s own—these are advantages difficult to deny. The conservative acknowledges that the possession of property fixes certain duties upon the possessor; he accepts those moral and legal obligations cheerfully.
I can agree that I'm not too keen on a State actor taking property away for their own purposes – and especially for corporate purposes, as was decided here lately by the Supreme Court!
Nonetheless, I'm thinking that I probably don't agree all that much with Kirk on this point, either.
Philosophically, I'd have to agree with the native american saying, We do not inherit the land from our ancestors; we borrow it from our children. This, of course, is echoed by New Testament teachings (The earth is the Lord's and its fullness. I Corinthians) and Old Testament teachings (The land must not be sold permanently, because the land is Mine and you are but aliens and My tenants. Leviticus 25:23).
Lest I'm accused of cherry-picking verses, I will point out that this is a large theme in the Bible – from the Jubilee laws teaching that land was not to be endlessly acquired, but guaranteed that land will be passed down, so that none can go poor for long, to the early church's practice of holding all things in common. Feel free to look it up.
This is not state-ownership, but neither is it private ownership. I'd suggest ownership is the wrong paradigm altogether. It's really more of a stewardship thing. That is, we're responsible for holding and tending property for the purpose of passing it on to others in good shape. We borrow it from our children, indeed.