Re: [OT] Wealth redefined

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  • Posted by irv Oct 05, 2017
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Your idea sounds very much like the feudal system in medieval Europe; a few rich "lords" and a lot of peasants, dependent upon the royalty for their survival.

That worked (for a while), but it only worked for one reason: the royals retained ownership of the land, and land was the way to measure real wealth. Letting the peasants farm that land didn't reduce that wealth.

Now, cash and bonds are the definition of wealth, and giving that away actually reduces the amount available. IOW, the rich will sooner or later run out of money. Then what?

We can easily redefine words. Can we redefine human nature?

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