“One-Coin” Loophole: One of the most insidious of loopholes is the “one-coin” loophole—insidious because it’s absolutely true. This loophole gets its name from the “argument of the growing heap,” which I learned about in Erasmus’s The Praise of Folly. According to a footnote, the argument of the growing heap is: If ten coins are not enough to make a man rich, what if you add one coin? What if you add another? Finally, you will have to say that no one can be rich unless one coin can make him so. In other words, even though one coin certainly isn’t sufficient to make a man rich, a man only
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