David M. Brown's Blog

October 5, 2011

A tale of two stories: revere the entrepreneurially creative; hate the rich

Filed under: Economics,News,Philosophy,Politics,Society and culture — davidmbrowndotcom @ 10:01 pm

Two headlines for us to ponder, for stories published on the same day: “Steve Jobs, Apple’s Visionary, Dies at 56,” and “Reid Wants Tax on ‘the Richest’ to Pay for Jobs Plan.”

Who are “the richest”? How is wealth created? Doesn’t it have something to do with the productively directed intelligence of those men and women who move the world, the businessmen and entrepreneurs and inventors who earn their riches and then devote the resources they’ve gained to still more productive channels, to the creation of still more goods and services that make the lives of many others easier, more productive, more fun? Where do people like Reid think the jobs come from? Rich people from whom all the riches have been taken away?

The super-successful don’t deserve to be penalized for having done what it takes to create new things in the world. And the anti-entrepreneurial job destroyers in Congress won’t “create jobs” by impairing the ability of the super-successful to hire co-creators eager to work for a living and to make ever more of the stuff that the rest of us want and benefit from.

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