Quotation of the Day…

by Don Boudreaux on October 24, 2011

in Complexity & Emergence, Growth, Inequality

… is from page 4 of Alan Reynold’s 2006 book Income and Wealth (original emphasis):

The two young founders of Google, Larry Page and Sergey Brin, quickly made something like $12 billion each by greatly facilitating our information, education, and shopping efficiency.  Why should anyone care how much money the founders of Google, Apple, or Microsoft made?  Some might object that they earned a larger share of income, but in what sense can we regard their income as shared?  Google is something new – without Google there could be no income for Google.  The Google founders have their income and you have yours.  What they earn has nothing to do with how much or how little you can earn, except that their inventions may help you earn more (personally, I feel as though I owe them a really big check).


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