[Hasbinbad]

Still you are yet to put together a cogent argument against this point.

There are several valid criticisms of this idea, of which my favorite is "fuck you, I am a greedy bastard and I like the idea of owning private property," but no-one has put one forth.

First, we have to understand that the phrase refers to land and excess resources, rather than possessions and use-rights. Understood in this, the proper fashion, one can see that theft does not in fact presuppose property in the sense that I am using property, and is clearly a valid proposition.