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From: ncg@ukc.UUCP (N.C.Gale)
Newsgroups: net.politics.theory
Subject: Re: Freedom, coercion, and free markets (III)
Message-ID: <4895@ukc.UUCP>
Date: Mon, 18-Feb-85 16:46:45 EST
Article-I.D.: ukc.4895
Posted: Mon Feb 18 16:46:45 1985
Date-Received: Thu, 21-Feb-85 05:03:05 EST
References: <328@gargoyle.UChicago.UUCP> <topaz.605> <1397@dciem.UUCP>
Reply-To: ncg@ukc.UUCP Nigel Gale
Organization: Computing Laboratory, U of Kent at Canterbury, UK
Lines: 25
Summary: 

In article <1397@dciem.UUCP> mmt@dciem.UUCP (Martin Taylor) writes:
>
>JoSH says "No one deserves something someone else has made."
>This being the case, who gets the loot when someone dies?
>-- 

I have the (Libertarian-like) answer to this one.
It's not my idea, but one suggested to me by rjc of Nottingham,
England, in a private arguement by mail ( I wish rather more
private arguements  took place via mail rather than on the net)

When someone dies, all his worldly is auctioned off, and the
money gained from this sale is burned. Destroyed.
The value of everyone elses' money rises accordingly.
The next-of-kin feels a bit p**sed off though.


Unfortunately, this gives equally to every single pound note
already in existance. So the rich get much richer, and the poor
get negligibly richer.
Like I said, it wasn't my idea.


-Nigel Gale