[solidsnack9000]

In the present day, most land is held fee simple -- we have many rights, including the right to transfer the land and have our name taken off it; but we must still acknowledge the superior ownership of the government, which can take land by eminent domain, impose taxes, and enter the land with its police forces.

This is in contrast to allodial title, land held in an absolute sense, on which no taxes can be imposed by any authority. This is close to the sense in which nations hold land today, relative to one another. Allodial title is now a rarity.

Present day landholding is thus a situation where "many people own many things" and "one entity owns everything". It might be said that the government owns a certain minimal slice of rights of all land; but sells the the rest of the rights.

Maybe the same ideas apply for "stuff".