According to Townhall:
Too many discussions of large fortunes attribute them to “greed” — as if wanting a lot of money is enough to cause other people to hand it over to you. It is a childish idea…
The transfer of money was a zero-sum process.
Edison, Ford, the Wright brothers, and innumerable others…created unprecedented expansions of the lives of ordinary people. The individual fortunes represented a fraction of the wealth created.
…it is what we create for others, with our widely varying capabilities, that is the real wealth of nations.
Killing the goose that lays the golden egg has ruined many economies.
To read the entire article on Townhall, please click here.
Thomas Sowell is a syndicated columnist, economist and social theorist. Currently, he is Rose and Milton Friedman Senior Fellow at the Hoover Institution.
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