LogFAQs > #929861161

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Topic	Does the existence of multi billionaires make sense?
konokonohamaru 11/08/19 5:17:43 PM #23:	The economic system wasn't "designed to create billionaires." It was designed so that people could freely transact with each other, without the government stepping in to tell them what to do, and to have clearly defined property rights so that you don't have to worry that people would just take and steal things from you. A byproduct of this system is that we have billionaires, because they now have property rights over their business which became many times greater than the product of their own labor --- A very happy young man looking forward to a bright and wonderful future. <cite>konokonohamaru posted [p:929861161] in Does the e... [t:78145330]...</cite> <quote>The economic system wasn't "designed to create billionaires." It was designed so that people could freely transact with each other, without the government stepping in to tell them what to do, and to have clearly defined property rights so that you don't have to worry that people would just take and steal things from you. A byproduct of this system is that we have billionaires, because they now have property rights over their business which became many times greater than the product of their own labor --- A very happy young man looking forward to a bright and wonderful future.</quote> ... Copied to Clipboard!
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