I agree, but there is one catch: the gold does not belong to the people.
Gold very obviously belongs to some people. Are you opposed to gold because it hasn't been nationalized by the so-called "dictatorship of the proletariat"?
Gold was nationalized in the Soviet Union. All those major gold mines were worked by the proletariat on behalf of their Communist Party masters.
Don't like communism? Try socialism. The South African economy was based on socialist principles by none other than Cecil Rhodes. In fact, apartheid was the great achievement of socialists - moving black farmers off productive land which had been in their families for generations. Why move them off? Well, the gold mines needed workers. And the "great white fathers" knew what was best. Better to have a black man die in a mining accident than live to a ripe old age farming his own land.
South Africa has, by the way, declared that the output of gold and diamond mines there is actually owned by the worthless men and women who run the government in spite of the fact that the government has invested no capital in the mines and no member of government has worked the mines. Isn't it typical? Productive people who are capable of mining gold have their production seized by worthless looters.
So, the welth of those who mine the gold and of those who own the land increases with 2% per year, not of a country.
Well, George, I don't care. Because that wealth has increased, those miners and land owners are able to spend more, invest more, and are better off. That is good for everyone. Any increase in wealth is a benefit to the entire "country."
And those who won't get off their fat asses and work to produce wealth don't deserve any. What is this "country" to me? How many worthless scumbag politicians, bureau-rats, and welfare queens are you willing to work for? I'm not willing to work for any of them.
The economics of altruism doesn't work. Making my choices based on what's good for anyone else is not workable, even if it were desirable for some weird reason.
Regards,
Jim http://www.ezez.com/
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