Quote:
Originally Posted by DiracSpike
My point though is in a capitalist system made up of consensual transactions, people generating wealth usually do so by creating products or services which everyone uses. These people are naturally smarter and more productive than the population at large so freeing them to rise above makes them richer yes, but also creates products for the rest of us. Henry Ford, Steve Jobs, etc
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I agree that there needs to be incentive to promote new services and innovation, but I disagree with the notion that the individuals who succeeed do so as a result of being naturally smarter and more productive than others. Using yourself as an example, imagine the difference between if you graduated from high school in a situation where you can have all of your post secondary education completely paid for compared with if you had to pay your own way. You could still end up in the same position in the end but it’s unlikely you would despite having the same intelligence and drive as an individual in both scenarios.