Humble Buffet

I shouldn't be reading heralded economist Ha-Joon Chang's book  23 Things They Don't Tell You About Capitalism, because I'm trying to keep my happiness index up and thinking about economics never leads to greater happiness, but it's frustrating when politicians are saying their hands are tied about budget cuts, yet they won't consider raising taxes on the rich (or even renewing a current tax on the rich!) despite the fact that the rich in America earned their money just as much because of the American system as because of their wits-- as Chang puts it: there's no such thing as a free market; every market is regulated and stipulated by its context and the rich are beholden to that system for their wealth . . . but don't listen to me, listen to Warren Buffet, who said: 'I personally think that society is responsible for a very significant percentage of what I've earned . . . if you stick me down in the middle of Bangladesh or Peru or someplace, you'll find out how much this talent is going to produce in the wrong kind of soil . . . I will be struggling thirty years later . . . I work in a market system that happens to reward what I do very well-- disproportionately well."

1 comment:

T.J. said...

A New Sentence Every Day, Hand Crafted from the Finest Corinthian Leather.