Oddbean new post about | logout
 So I can't build anything for my kids?

I can't build tools & teach others how to use them & pay them more than they could earn on their own?

And you don't see why someone would prefer to be paid more for less risk & less responsibility?

It sounds a lot like the giy with the cushy job at the govt protected monopoly has no clue what is involved in running a business... imagine that.

We have had enough of these conversations at this point that there is no excuse for you to continue to hold positions that are this wildly ignorant.

“Only the man who does not need it, is fit to inherit wealth–the man who would make his own fortune no matter where he started. If an heir is equal to his money, it serves him; if not, it destroys him. But you look on and you cry that money corrupted him. Did it? Or did he corrupt his money? Do not envy a worthless heir; his wealth is not yours and you would have done no better with it. Do not think that it should have been distributed among you; loading the world with fifty parasites instead of one, would not bring back the dead virtue which was the fortune. Money is a living power that dies without its root. Money will not serve the mind that cannot match it."

Only in a fiat world where some can print money at the expense of others do worthless people become rich, & that never lasts more than a generation or so. The dollar & most western govts (at least in their current forms) will likely come to an end before we do at this point.

For fuck sake, read an economics book or something. Saifedean's Principles of Economics is great. Economics in One Lesson is available for free online.