> We should understand that as a consequence of technology and an economy of ideas, the gap between the rich and the poor will likely increase from its already high-seeming levels. There is good and bad to this, but we should be careful not to legislate against it, which will hurt growth.
Oh, it was going so well, and then, BOOM!, the whole essay explodes into flames and plummets to the ground in a ball of fire and greasy black smoke.
Hey! Who's going to buy your startup product? Hint: it is NOT people who are working 25 hours per week at Walmart for $8/hour. Government action to put more money in those people's pockets and take it away from these people...
...is purely beneficial for ANYONE who wants to do ANY sort of business with or in the United States. You can't charge $19.95/month to the whole population of North America (or whatever your made-up business plan shows) if they don't have $19.95/month to give you.
I am a big believe that the middle class, not the super-rich, are the job creators for this exact reason. And I'm not saying we should take money from them.
All I'm saying is that everyone can get richer together, but the way that works in our current system is that there will be a big disparity between the rich and the middle class.
Oh, it was going so well, and then, BOOM!, the whole essay explodes into flames and plummets to the ground in a ball of fire and greasy black smoke.
Hey! Who's going to buy your startup product? Hint: it is NOT people who are working 25 hours per week at Walmart for $8/hour. Government action to put more money in those people's pockets and take it away from these people...
http://online.wsj.com/article/SB1000142412788732466240457833...
...is purely beneficial for ANYONE who wants to do ANY sort of business with or in the United States. You can't charge $19.95/month to the whole population of North America (or whatever your made-up business plan shows) if they don't have $19.95/month to give you.