Well technically no, that would be something between a Laissez Faire Capitalism and a regular Aristocracy.
A real King in a true Monarchy owns all, his citizens are just living in it, so a king would have 1, a man would have 0, and a beggar would have 0. Kings had the full authority to swap the possessions and statuses of any man and beggar at any time for no reason.
Well technically no, that would be something between a Laissez Faire Capitalism and a regular Aristocracy.
A real King in a true Monarchy owns all, his citizens are just living in it, so a king would have 1, a man would have 0, and a beggar would have 0. Kings had the full authority to swap the possessions and statuses of any man and beggar at any time for no reason.