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I know this is quite old, but I would very much like to see an HN discussion about its contents.
by michaelfairley 17y ago
I know this is quite old, but I would very much like to see an HN discussion about its contents.
- deleted 17y ago[deleted]
- michaelfairley 17y agoThe last paragraph is a pretty good summary: "You need rich people in your society not so much because in spending their money they create jobs, but because of what they have to do to get rich. I'm not talking about the trickle-down effect here. I'm not saying that if you let Henry Ford get rich, he'll hire you as a waiter at his next party. I'm saying that he'll make you a tractor to replace your horse."
- fizx 17y agoAssuming we have more Henry Fords than Bernie Madoffs ;)
- deleted 17y ago[deleted]
- khafra 17y agoWhen rich people get that way by creating value instead of gaming the market or winning the genetic lottery, everyone benefits. There seems to be some question as to whether the good of incentivizing this kind of innovation by protecting wealth outweighs the bad of promoting plutarchy and fraud.
- olliesaunders 17y agoTry raising some questions.