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.
She looks a little young but if we’re not talking about the individual and instead the genre and general rule, then yeah I feel it.