Wealth is a fraud.
Wealth is something that occurs NOT because some individuals who gain the wealth have more real market value than others, but because the information cost in the imperfect market system which they tend to laud in fact allows them to game the system in ways that yields to them the wealth.
Throughout history we see overwhelming evidence that accumulation of wealth makes things worse. Even our theories about market advantages clearly specify that seriously unequal players, or problems with information cost CAUSE the market to be unhelpful. But the very biggest evidence is the resulting pollution and scarcity, all over the map, that is produced when these unequal players become more and more protracted in influence. Information cost becomes worse and worse from this, accelerating the problem. As problemms of imbalance become apparent, liars are paid by the large players to mis-represent what is happening.
However, the biggest perspective of these imbalances is to simply look at the teeming problems of scarcity. If you see these problems in aggregate, and you calculate their costs, these costs literally dwarf the value of the accumulated wealth of these protracted players, thus clearly implying that the wealth is not gained by merit at all, but rather by mis-accounting for the value of the activities. Literally the wealth is a social robbery, and accounts in no way for any value. The ONLY way to achieve stewardship over large sums is, therefore, to focus ON the specficiations of perfect competition: 1) keep the size of the participants close to similar in size using taxation and other mitigations to large accumulations, and 2) invest constantly in mitigation of information costs. This latter requires everything from general education to higher academic activities, extensive oversight, public and private, well designed legal constraints with public support, and limiting the power of any individual or organization. People and organizations who do good work with presenting evidence are community stewards who deserve rewards, and should not be abused.
In fact, the kind of abuse engaged by authoritarian governments on evidence stewards shows that the very essence of despotism IS inefficient, and defines the information value of democratic government. Furthermore, whatever the excuse for such repression, that activity of repression always represents an activity of bad information maintenance, and thus is against the efficiencies of the market. The height of such inefficiencies, then, is using the word "market" as an excuse to engage the repression. Any time you hide information, any kind of encapsulation, that is NOT market economics. In the small, or at the individual's level, there will be good excuses for these, but the larger the player, the more that excuse MUST disapppear to maintain good exchanges. Thus you must choose between being large and transparent, or being small with privacy. If you brag about being large, you must also be immediately transparent, or be willing to become commonly small, otherwise you are working against free market economics. This works at all levels, from an impoverished dimwit claiming to be a billionaire for his survival to entire nation states, and unless the political system handles these things well, with liquid transparency, it is malignantly imperiled for downfall.
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