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Money doesn\u2019t grow on trees, but we know some people have vast reservoirs of wealth at their disposal. In certain cases, their tools for wealth creation are passed down from generation to generation. Why do these bottlenecks happen and why does wealth inequality exist? How can we work towards a more equitable society, where those in poverty have a better change at upward mobility?

The answers to these questions aren\u2019t easy, especially when the law itself appears to be a hindrance to the masses. In this episode, Katharina shares her valuable insights on how the law works\u2014and why it is not working in favor of the most vulnerable.

The Legal Code\u2019s Role in Inequality: Policymaking around assets is concerned with creating conditions where everyone can prosper. As a result, the legal code is constantly designed and redesigned in an attempt to evolve alongside society.

However, Katharina discussed how the people behind the code have consistently chosen to angle the content towards their benefit as the resource holders. This means that when wealth is created, it is typically bottlenecked within families or corporations that have the resources and power needed to influence state decisions. These exclusive groups can generate value from that asset for a longer period of time.

This is where power asymmetry happens. The state is responsible for turning land into physical property, ideas into intellectual property, and assets into financial property. Legal backing is a social resource that is used to cordon wealth from the masses. It\u2019s time we think of ways we can level out the playing field and stop this one-sided reinforcement of wealth accumulation.

The state endeavors to produce a legal environment where everyone is equally protected by the law. However, this lofty goal often discounts the reality that not everybody has equal access to the law. The privileged would have the resources to hire lawyers who can bend the law to their will across not just one, but multiple legal systems.

The mantra \u201cit\u2019s legal\u201d now carries a darker undertone.

Fitting in the Gaps Between the \u201cScaffolding\u201d: Katharina described gaming the law as \u201cexploiting every little gap in the scaffolding of existing regulations that we can find.\u201d Lawyers are taught to look at the existing rules and regulations and find a gap where the client can slip through. The really sophisticated ones know how to bend some of it.

It would be impossible to aim for the pillars because these are parts of the case where their actions are clearly seen as illegal. Their goal is to fit new things in the gaps between the scaffolding. It\u2019s taking the phrase \u201cknow the rules so you can break them\u201d to a whole new level.

One poignant revelation in their discussion was Katharina\u2019s explanation that the law can never really be complete. This leaves our legal system vulnerable to malicious actors in positions of power who are capable of exploiting the gap for private gain\u2014reducing the law to a mere barrier in their climb to the top. It is truly a threat to both the rule of law and to democratic governments.\xa0

Turning the Immaterial Into Assets: Where do we draw the line and who gets to do it? Having access to legal coding is the key to wealth. This isn\u2019t just about physical or material assets; it\u2019s also applicable to ideas as well. One key turning point in the discussion is their perspective on whether such a trend would carry over to digital assets, such as cryptocurrencies as well.

Katharina pointed out the irony in how Bitcoin only became valuable once it was centralized, and urged people to think of alternatives where real people can participate in the arrangement without having to delegate all their power to figureheads that may not align with the interests of the masses.\xa0

The legal code is a collective commitment to stand behind a particular use of the collective means of coercion. The community designs who have access to that centralized needs of coercion and under what conditions. Under this definition, it would certainly carry over to digital assets too. Now, it\u2019s up to us to push for an environment where social mobility and wealth creation is available for all.

Closing Thoughts: There is clearly an impetus for a platform where everybody has an equal playing field; a safe space for ordinary people to build a portfolio in transacting with today\u2019s hottest asset, which is data.\xa0

The TARTLE marketplace is a platform with the vision of bringing back power to the people. Users are fully equipped to profile and market their data to causes around the world that matter to them the most. Here, people have the opportunity to fight for something bigger than themselves while earning at the same time. Everybody has an opportunity to create wealth.

What\u2019s your data worth? www.tartle.co

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Tcast is brought to you by TARTLE. A global personal data marketplace that allows users to sell their personal information anonymously when they want to, while allowing buyers to access clean ready to analyze data sets on digital identities from all across the globe.

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The show is hosted by Co-Founder and Source Data Pioneer Alexander McCaig and Head of Conscious Marketing Jason Rigby.

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What's your data worth?

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