Interesting analogy. But very flawed. The behaviour you describe is of course why we moved from "I'm an evil landowning noble" English-style water law to first-in-use water law here in much of the United States.
Water isn't a good analogy either, for much of it is a shared resource, and not "wealth".
When I write a cool book, and make a billion dollars from selling it in voluntary transactions, I haven't taken diverted water from your farm.





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