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Originally Posted by Baraka_Guru
MBAspeak aside, I understand this whole process. You simply make it sound like Gates and his ideas magically generated wealth and everyone benefited like some little dependent beneficiaries. Thanks to Mr. Gates, philanthropist. Oh, wait, no...that's more like Mr. Gates now.
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It is not magic. I have tried. Am I to understand that your concept of wealth creation is that it is always is rooted in a demand for a good or service and then someone comes along with a solution?
In the middle ages before the printing press, there was no mass demand for printed reading material, it was rare to come across people who could even read. Then considering the materials initially printed, there was no demand for that either
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You can try to "create" all the billionaires you want to help bolster that tax revenue. But it's going to take a bit more than a few good ideas. It's going to take a hell of a lot more than that. It might help to actually look at how an economy works in its entirety.
Wow, ace, are you actually a High Priest of Voodoo Economics?
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Where does an idea come from? What creates it? I don't know, do you?
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Hm...that elusive productivity thing, eh? Care to expand on that?
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How do you want me to proceed. Examples in history, statistics, what? Will it make a difference at this point? I am not going to do a search on statistics tonight, but you can consider the productivity gains in farming and how it has lead to real economic growth in every modern nation on this planet. And, then imagine if some third world nations had something as simple as irrigation systems, how much more productive they would be and the impact that would have on living standards. I know a person in the Peace Corp, serving in a third world nation today - getting fresh water for consumption and planting consumes an unbelievable to me amount of human resources in the poverty stricken country he serves in.