Wednesday, March 29, 2017

Quote of the Day: 29 March 2017

"Whenever we hear someone lamenting inequality we should immediately say 'So what?' Some of the smartest (and even some of the richest) people in America confuse concerns about the poor with concerns about the assets the wealthy control. It's rooted in that old zero-sum thinking–the idea that if a poor guy doesn't have it, it's because the wealthy guy does. But one person is only better off at the expense of another under crapitalism, not under conditions of honest entrepreneurship and free exchange." -Max Borders

[I am amazed at people who continue to insist inequality of outcome is a problem with the world rather than a feature. Without this feature, what incentive do we have to strive to achieve? It is only the natural result of putting in differing amounts of effort into our concerns.]

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