All this crisis shows is how much we need the rich
by
Gordon.Gekko
03/29/2008, 9:53 AM #
If I build a railroad and become rich we all benefit. But why when I build this railroad and make a mistake or decide to shut it down should I be responsible for the indirect problems this may cause to others? It would be the equivalent of attacking the unemployed for not working because by not working and adding output to the economy they make me worse off.
Perhaps you would prefer to live in a dictatorship where the government forces the able to work and share their wealth. Welfare would be maximized and any mistakes the rich make would lead to large punishments other than financial losses.
Or we could continue to live in a free country where any two people can do business and are responsible only to themselves and the law. If I want to build a railroad that is my right and if after building one of the best railroads in the world I want to shut it down for no reason that is my right as well. The abilities of the rich and talented are not some sort of collective right we are all entitled to. We should be thankful for their achievements and the wealth they have created in this country.