[davidboyd] Cool Papa Boyd: I am not making this up

[Email subscription to blog articles]

Posted by Cool Papa Boyd:
I am not making this up
http://davidboyd.org/posts/1170284379.shtml


   [1]DeLong (professor of economics at UC-Berkeley, was assistant
   treasury secretary during the Clinton administration):

     Bill Gates, Paul Allen, Steve Ballmer and the other millionaires
     and billionaires of Microsoft are brilliant, hardworking,
     entrepreneurial and justly wealthy. But only the first 5 percent of
     their wealth can be justified as an economic incentive to encourage
     entrepreneurship and enterprise. The next 95 percent would create
     much more happiness and opportunity if it were divided evenly among
     U.S. citizens or others than if they were to consume any portion of
     it.

   Speechless.

References

   1. http://www.miami.com/mld/miamiherald/news/opinion/16584623.htm