civilizations are created by individuals; they are destroyed by collectives
I’ve been back on my binge listening to Tim Ferris’ podcast. Typically, listening to freaky smart people provide info on how they do things feels futile since their tips are so unique to their own freaky abilities. But there are some that are humble enough to be explicit as such, or are so freaky smart and unique, you’re not really taking away tips to directly apply to your life, but to contemplate further implications. Walter O’Brien was one of the latter.
Bernie Sanders will correctly point out the wealth disparity in our country, but makes the mistake that ALL “richer” people obtained their wealth unjustly so that it provides the moral right for the Government to take it back and give it to the “poorer.” We can rightly criticize the wealth generated through Crony-Capitalism (ie. Government Bailouts, artificially low interest rates, etc.) on the basis of violating the Non-Aggression Principle, but what of the immense wealth generated by many of the individuals in the tech industry that obtained it by providing such advances to our standard of life that they got filthy rich?
I’m talking about the Bill Gates, Steve Jobs, Uber Founders, Elon Musk, and Walter O’Brien’s of the world. Or let’s go back in time and pick out the Rockefellers, Fords, and Edisons.
If an individual provides such great improvements to other individual lives, and demonstrated that ability over-and-over amassing huge amounts of resources (AKA Money) without initiating aggression on others, then instead of siphoning away the resources these exceptional individuals obtained and giving it to the mediocre performance of Government bureaucrats and politicians, shouldn’t we let these exceptional individuals keep 100% so that they can reinvest their greater resources to advance humanity even more?
It seems backwards that the individuals for which have demonstrated exceptional abilities to advance humanity, should have a greater proportion of their resources expropriated to individuals who’ve repeatedly demonstrated mediocre performance.
The “greater good,” in terms of advancing civilization and technological advancement, should be to allow these exceptional minds to accumulate unhampered amounts of resources through voluntary interactions to promote innovation. “Taking from the rich” and subsidizing the below-average masses hampers the progress of humanity.
I’m not advocating that we start expropriating from the mediocre and poor performers. I’m saying that we should let those, who’ve demonstrated exceptional ability through “Clean” Capitalism, to keep 100% of their resources so that they can reinvest those gained resource toward advancing humanity even further.
There is a myth that the “trickle-down” effect is false and the super rich just “sit” on their big piles of cash like Scrooge McDuck. The truth, if you go meta including the technological improvements and increased standards of living since the proliferation of Capitalism, proves this myth false. Also, can you provide a specific individual who accumulated vast amounts of resources, to simply place their money in a vault and not attempt to generate additional value?
Bernie Sanders asks the wrong question. It’s not: “How much is more than enough money for rich people so that the Government can take away the rest?” It should be: “How much more good can the exceptional do with more resources?”
Allow the smartest and efficient in our world to wield the greatest amount of resources justly obtained, and watch as all boats rise the ocean of innovation.