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The creation of wealth does not reside in the government.
But the supposed trickle down of wealth does not happen.
The distribution of wealth does not look like the "bell curve" beloved of statisticians.
Menahem says the IWI measure of wealth does not include natural capital stocks that help climate regulation, flood regulation, fertile soil, biodiversity and drinking water.
In the US, economists such as Paul Krugman and Robert Reich support the analysis of Thomas Piketty, author of Capital in the 21st Century, which states that squeezing the majority while allowing the richest to accrue unprecedented levels of wealth does not create "a rising tide that lifts all boats".
Today the accumulation of wealth does not depend solely on material goods, or claims on real assets such as property, means of production such as industrial plant and infrastructure – or indeed people (in the US during slave-owning days the possession of slaves constituted a sizeable portion of one's capital).
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People of wealth don't have to do this.
The extravagance isn't the nauseous part; staggering displays of wealth don't look out of place in this former Carnegie mansion.
The problem, as Mr Purves acknowledges, is that for some buyers, the "atmospherics" of splashing out on such a conspicuous symbol of wealth do not feel quite right.
Trump's tweets on Thursday notwithstanding, "people of wealth" do not go around paying six-figure sums to other people who make up accusations against them.
Mr. Bedar, Mr. Rowland and the third partner in their property, Jordan Kurland, are all in the technology field, but their dreams of wealth do not feature stock options.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com