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by edoo
2392 days ago
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There are basically 2 ways to make money. You can provide value where people are willing to voluntarily trade their own labor for that perceived value, and taking it by force. Bill Gates is an example of both. His contribution and a lot of the money he earned was because the value of his product was worth far more to people than the asking price. He received a fraction of the value he created in the world. He also got the government to give him a monopoly on the ideas that were implemented, preventing others from implementing those ideas with violence. I'm in the camp that says the latter is inexcusable in a society. I suspect gates and most billionaires would not be billionaires if it weren't for the monopoly protections enforced by government. Where would the rest of that wealth have gone? To anyone who was able to compete against the ideas. |
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I don't know which is true, although I have suspicions, and unless you've revolutionized the discipline of economics (and decided to inform the world in Internet comments) your certainty is unwarranted. You could have at least acknowledged that counterarguments to your thesis exist.