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The biblical rules concerning sabbatical years are still observed by many religious Jews in Israel, but the practices prescribed for the Jubilee year have not been observed for many centuries. According to current interpretation of Torah in contemporary Rabbinic Judaism, the observance of the Jubilee year only applied when the Jewish people were living in the Land of Israel according to their tribes. Therefore, Jubilee has not been applicable since the destruction of the Kingdom of Israel in 722 BCE by Neo-Assyrian king Sargon II.Have to say, we humans are very creative when it comes to greed!