ananda
Early Buddhist
If you were not legally protected behind a Corporation, would you still engage in such practices? Would your community allow you to engage in such practices?Most people who are successful have worked hard to accomplish what they have. Most of the time their work greatly benefits us.
Let's say I invented a product that saves you $500 a year. I charge you $50 for it. You think this is a great price since you will be saving thousands of dollars over the next few years. After production and shipping costs, I make $10 profit off each unit. I decide to work 50 hours a week, all year, and end up selling 100,000 units nationally. I just made 1 million dollars because of my innovation and hard work. However, if the government tells me that's too much money to make and takes $900,000 of that away from me, what incentive do I have to sell more than 10,000 units each year? This product was saving others money and added value to society, but if I can cut my weekly hours down to 5 and make the same amount, why not? More time for fishing!
Society and the economy suffer when we restrict the success of others. We just need to get over the idea that we are all equal and it is unfair to have less than others. We live like kings compared to those living just 300 years ago. Why? Because we gave people the freedom and motivation to succeed.
There's another side to the statement "Let's say I invented a product that saves you $500 a year." - it is: "This invention lets you keep $500 a year more for yourself, and allows you to fire & impoverish your fellow community-member-employee."
IMO the only way to make that ethical would be to share that savings with the obsoleted employee, spreading and sharing the benefits of automation instead of hoarding it for yourself, so you can relax and fish more while your obsoleted employee rushes around in anguish trying desperately to land another job.
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