Sunday, July 04, 2010

The Rich: people who do the work others won't do

From Ziad Abdelnour of Blackhawk Partners comes a provocative essay reminding us that the rich play a fundamental role in our economy and culture and if we tax them out of existence we tax away our dynamism and even our very prosperity.  Money graf:

In short, our rich – America’s best entrepreneurs - perform work that most others spurn.
Whether it was Henry Ford or Apple’s co- founder Steve Wozniak, much of America’s greatest wealth creators began in the "skunk works" of their trades, with their hands on the intricate machinery that would determine the fate of their companies. Bill Gates began by mastering the tedious intricacies of programming languages. Familiarity with the very material, the grit and grease, the petty tedium of their businesses liberates entrepreneurs from the grip of established expertise and gives them the insight and confidence to turn their industries in new directions. All had to stoop to conquer the American economy.

This is why envy is the ugliest of sins.  Read the whole thing.

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