Bezos knows a higher minimum wage will hurt his competitors more than it hurts him.
It is the wealth creation by companies that has helped reduce poverty to its lowest levels in history.
The Giving Pledge is immoral because it is based on the idea that those who have legitimately created wealth by trading values with others have not earned it and must “give it back.”
What our world needs today is to transcend the collectivisms of the present, whether under more extreme authoritarian regimes or the seemingly milder spiders’ web of controls and commands of the interventionist-welfare state under existing democratic systems of government.
The government can, and must, protect us, but not as a nanny. It is not all-knowing, and it cannot define problems for us.
CEO pay caps and minimum wages are immoral because both curtail individual freedom by government force—yet, freedom is the fundamental requirement of human flourishing and prosperity.
One of the most common phrases to be heard from those on “the left” is the assertion that someone or some public policy is or is not on “the right side of history.”
Those producing and trading goods and services for profit are not taking anything away from others—the producers and traders are creating material values that would not exist without their productivity.
The free enterprise, or capitalist, system has done more to improve the material condition of humanity than any other economic arrangement of human cooperation in all of recorded history.
“Capitalism is an economic system based on the principle of every individual’s right to his own life, his own liberty and his own honestly acquired property. This private property includes his own mind and body, and the physical products that his mental and physical efforts have produced.”