If it’s a Robin Hood story, then presumably it’s full of gold coins rather than dollar bills. Bag’s about the size of his head, call it four litres. Gold has a density about 20 kg / litre and is worth about $100 / gram, so ignoring the fact that you’d struggle to lift that bag, especially in one hand, it would be worth about $8M.
Still works out to about 0% of their wealth. Time to start taxing the rich.
The bag is just a metaphor, the problem is that it was given all to a single person instead of multiple. Since the point is to stop the accumulation of wealth.
Ah yes currency back then is the same as today. He definitely had USD bills in the sack.
If this ruler was a low ranking noble like a baron it could definitely be all his gold. Gold was worth a lot more back then because they had less of it in circulation. It was rare especially before they discovered the New World
Petty nobles back then were vassals and often heavily in debt to their liege. Even with their land holdings some basically had a negative net worth. So most of their income of the land went straight to their liege. The coins they had on hand were their only wealth they could spend.
Robin Hood wasn’t really an altruist. He was an ally of King Richard who was absent (fighting in the crusades) during Robin’s adventures. Prince John, Robin Hood’s nemesis, was constantly scheming to usurp Richard’s throne. Thus Robin Hood and his band of outlaws should better be thought of as partisans fighting a guerrilla war against a usurper.
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If it’s a Robin Hood story, then presumably it’s full of gold coins rather than dollar bills. Bag’s about the size of his head, call it four litres. Gold has a density about 20 kg / litre and is worth about $100 / gram, so ignoring the fact that you’d struggle to lift that bag, especially in one hand, it would be worth about $8M.
Still works out to about 0% of their wealth. Time to start taxing the rich.
Gold was rarer back then than it is today. It would have been worth a lot more inflation corrected.
The bag is just a metaphor, the problem is that it was given all to a single person instead of multiple. Since the point is to stop the accumulation of wealth.
Ah yes currency back then is the same as today. He definitely had USD bills in the sack.
If this ruler was a low ranking noble like a baron it could definitely be all his gold. Gold was worth a lot more back then because they had less of it in circulation. It was rare especially before they discovered the New World
No noble holds all their wealth in liquid currency. Most of their wealth comes from their land holdings, etc.
Petty nobles back then were vassals and often heavily in debt to their liege. Even with their land holdings some basically had a negative net worth. So most of their income of the land went straight to their liege. The coins they had on hand were their only wealth they could spend.
Robin Hood wasn’t really an altruist. He was an ally of King Richard who was absent (fighting in the crusades) during Robin’s adventures. Prince John, Robin Hood’s nemesis, was constantly scheming to usurp Richard’s throne. Thus Robin Hood and his band of outlaws should better be thought of as partisans fighting a guerrilla war against a usurper.
Didn’t the myth of Robin Hood actually start like a hundred years later and was retractively pushed back to King Richard’s day?
Also should point out that greedy Prince John was actually collecting taxes to pay for Richard’s absurd Ransom because the idiot got himself captured.
Robin Hood might not have even existed as a singular person. Rather, the name could’ve been a common alias shared by many different outlaws.
In some cases the problem is understanding how cartoons work.
Make it $100 to be more practical, 5 billion per container. Still over 80 containers for Musk, half of it since 2022 only.