2 ms·
You seem to not get my point so let me explain it in a other way. All resources can represent wealth, status and power, but only if others are excluded from it
by belorn 7y ago
You seem to not get my point so let me explain it in a other way.
All resources can represent wealth, status and power, but only if others are excluded from it. For example clean water is not consider wealth in a west-centric point of view where water is free, but in the desert clean water can very much represent wealth. A person who can waste clean water in the desert to plant a garden is wealthy and gains status, while the same person growing the same garden with the same amount of water gain no such status if it next to a fresh water lake in say Sweden.
In the absent of a zero sum game wealth does not exist. This does not mean that resources do not provide benefits. They do. Our ancestors a thousand years had less resources and thus suffered more from the effect of that. If we had a time machine and we traveled back in time we would be more wealthy because we would have resources that they do not.
A easy way to deal with the terminology is to outsource our definition. Wealth is that which a wealth tax taxes. Good medicine provided by the state, for all its extremely high value to society and individual people, is not something that can be taxed through a wealth tax. The very concept would not make any sense. The only thing a wealth tax can tax is wealth. Ipso facto, good medicine provided by a well fare state is not wealth. It great, it is good, it is useful, it is valuable, but wealth it is not.