La spoliation ne déplace pas seulement
la richesse, elle en détruit toujours une partie.
Spoliation does not merely displace wealth; it always destroys a part of it.
Vilfredo Pareto, Les systèmes socialistes (1902-1903), Vol. II, p. 54, David M. Hart, translator.
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“The great fallacy of popular notions that poor and middle-income people might be significantly enriched by a large-scale seizure and implicit or explicit redistribution of wealth from billionaires or from the 1% or whatever is the notion that the present prices of the seized wealth reflect an intrinsic economic property of the things seized, which property will be delivered with the things as they are transferred. Instead, the old value will evaporate, and the new value will often be 0.”