Comments: Quote of the Day

IMO, the important concept is that Jeff Bezos, "MADE $6billion..." He did not steal it or redistribute it. I always feel in such fruitless FB debates that if I could get people to understand that wealth is created and no matter how much Jeff Bezos has, that doesn't stop you from creating your own, that would be half the battle.

Posted by dagny at November 28, 2017 4:52 PM

By my reckoning, that would be 91.327% of the battle. You're no doubt better than I, but that's a level I've never reached. Even more honest interlocutors than the one I am entangled with don't get ex nihilo wealth creation. "Those dollars would have just gone to Sears, or Apple..."

I tussled with a libertarian buddy over this recently. "The fixed-pie fallacy," I believe it is called. I am open to all suggestions how to get someone over this.

Without it, wealth really is theft.

Posted by jk at November 29, 2017 1:31 PM
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