Owning all the Wealth in the World

Socialists often argue that the rich are getting richer and the poor and getting poorer, citing the example of someone like Bill Gates

This argument is fundamentally flawed in that it makes the assumption that wealth can only be measured in terms of a national currency. Indeed, under such a system, the rich will get richer and make ever greater claims on the future of others through interest-yielding debts, etc. but if transactions could be conducted in whatever currencies people wished to use, the reality would be somewhat different. Imagine where a farmer pays for services in vegetables from his farm, or I trade my knowledge of fixing someone's computer in return for a plumber fixing broken pipe. These are economic transactions based on skills, knowledge and a decent work ethic.

The problem with these schemes? None, except that such transactions would not be taxable by governments who prefer us to always be on a treadmill, with a variety of taxes that need paying simply for us to maintain our position in life.

As I get older, the more I realise national currencies are a curse.