Property Ownership Limitation Act (Proposed)

Description

A law establishing a maximum threshold for real estate assets that any elected public official may own during his life time. Specifically, it limits real estate ownership to three (3) properties with a total combined lot size not exceeding 1,500 square meters.

Purpose

To ensure modesty and accountability in government by limiting property ownership and preventing the use of political office for personal enrichment.

Rationale

Excessive land ownership by public officials often signals corruption, inequality, and abuse of power disguised as public service.