Friday, February 23, 2018
Scrooge McDuck is awakened by his three, mischievous nephews (Huey, Dewey and Louie) with the fake-news that gold, silver and currency no longer have value...that the new "money" is fish. Having no fish, Scrooge is a pauper.
By nightfall Scrooge McDuck owns every fish in town. The same focus, industry, social connections and negotiating skills that made him successful when precious metals were "money" made him successful when the rules changed.
Wealth distribution and job quotas
That is why wealth distribution and job quotas fail. Wealth is not the medium of exchange. Wealth is the ability to focus, the willingness to work, the cultivation and nourishing of social connections and the willingness to be your own advocate. That is, wealth is a portfolio of character traits.
Of course, this is also why "revolutions" that advocate the massive transfer of assets and punishing of the successful are destined to fail. The advocates see revolution as a shortcut to wealth. History suggests there are few shortcuts to developing the character that is true wealth.