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Notes -
The island collectively voted to transfer ten percent of the island's economic output to those who are less fortunate, funded by taxes on the more - and that doesn't include infrastructure, education, etc for the general benefit. And the original gang's descendants aren't in power anymore - they invited successive waves of immigrants, and, via free trade, transferred most of their property claims to the smartest and most industrious (or unscrupulous) of them. How many Jews, Asians, or Indians were on the island when the first nine people arrived, compared to how many are rich today?
Yeah, if we were still feudal or WASPs owned 90% of a rentier economy because they got here first, that'd be very unjust and inefficient. But that doesn't resemble the current state of America. A different argument against private ownership of the means of production - that it's exploitative or inefficient for those who come out on top of a fierce competition for profits to dictate much of the economy - at least accurately describes the thing it criticizes.
Because said free exchange has, several times over, redistributed all the capital from the original owners to those who won in a contest of merit (or underhandedness), and to whatever extent the original gang members hold more capital than some other groups, it's mostly because they have e.g. better genes or cultures - and, indeed, more recent arrivals with better genes/cultures have higher average income/wealth than the founding ethnicities.
I'd love some sort of study/analysis of whether you, in terms of current affluence in American society, are better off as the descendant of a member of the top fifth percentile in wealth of 1700's Colonial America or as a first/second-generation immigrant who is the descendant of somebody who was similarly affluent in their country of origin.
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