The news about the Polish government effectively nationalizing a large part of their citizen’s retirement assets triggered a renewed interest in the topic of confiscation. In truth, confiscation of wealth has been around ever since humans started creating surpluses from their labor and their intellectual efforts.
Let’s focus on labor. Very few people have had the genius to create wealth from their minds. Much of the wealth throughout history has been created by labor.
The moment labor is performed, it has a determinable value in terms of whatever real property, goods and services other people might trade for that effort. For obvious reasons, the assumption is a free market for the labor and holders of real property, goods and services is available to exchange. Slavery, of course, is the ultimate form of confiscation.
Please follow SGT Report on Twitter & help share the message.