Whatever happened to America being the land of the free? When did it turn into the land of cutting down tall poppies?
Whatever happened to America being the land of the free? When did it turn into the land of cutting down tall poppies?
Well let us look at these rich people, on the Forbes 400 richest list. So people can celebrate success and encourage people to emulate the successful.
#1 Bill Gates - had a million dollar trust fund from his bank president grandfather, mother on United Way board with president of IBM #2 Warren Buffett - father was a congressman, grandparents owned a chain of stores in Nebraska #3 Larry Ellison - after a middle class upbringing, he was inspired by a 1970 CACM article and proceeded to hit several home runs over the the next few decades #4 Charles Koch - inherited an oil company #5 David Koch - inherited an oil company #6 Christy Walton - inherited Wal-Mart #7 Jim Walton - inherited Wal-Mart ...and the rest of the Wal-Mart heirs...
Aside from Larry Ellison, all of these people were to the manor born. Telling people to "emulate their success" is ludicrous. Plenty of people are paid good money to tell us why we should "celebrate success" for these people, and should try to "emulate the successful". Anyone who would actually believe these people's press clippings is clearly a fool. They have the same kind of "success" the czar in Russia had - they were born into it.
I worked for a contemporary of Microsoft at the time. We had better technology, knew microcomputers upside down, had better everything, except had no vision. And that company was booted from nothing.
Oh brother. Most of these people started out in life ahead of the average person, sure. But you know what, they all took what they started with in life and worked their asses off to build it into something even greater. I'm sure for every person on this list there's ten people who started with a silver spoon in their mouth, and through sloth and weakness blew everything. Some probably wound up on the streets.
And have you looked into the family histories of these successful people? How many of these families started off with members who had nothing, who worked hard and made it? Does it invalidate their original success that they were smart enough to build a family culture which preserved and built upon success? Oh, I suppose that's another thing we shouldn't bother trying to emulate.
But hey, let's not bother trying to build a representative sample base for our snide claims eh?
Bill Gates may have come from privilege, but then he built on that - he brought computing to the world, introduced untold economic efficiencies to every single industry on earth, and produced more economic growth arguably than any other single individual in the last century. Buffett again worked hard, made smart bets, took risks, and it paid off. Ellison you admit invalidates your hypothesis. Koch I'm not familiary with. The Waltons have obviously been working diligently because last I heard Walmart was a powerhouse that millions of Americans choose of their own free will to shop at every day.
Comparing Bill Gates and the others on this list to a blatantly parasitic ruling class extracting resources from the toil of slaves through a monopoly on state violence is just plain, unforgivable idiocy.
I would expect better from the audience of a website devoted to the idea that anyone who has a valuable idea and works hard can make something of themselves.
In what reality could the act of taking a million dollars and multiplying it by a factor of seventy six thousand be viewed as being "born into it"?
He was a natural leader, but you can't just start out as a CEO unless you have a product or service to offer. Bill Gates couldn't have had time to build his software if he had to work daily to put himself through school (to have access to the computer).
Starting with a million dollars is no different than starting with 100 million, it all depends on how good the person is at spotting opportunity, learning from mistakes, and manipulating (not in a bad way) people to help you build your empire.
At the time you didn't have to be rich to be a computer enthusiast. Silicon Valley was full of average Joes who had breadboarded up a simple computer but couldn't figure out what to do with it. Gates may have had more trouble if his family was at the very bottom end of the income spectrum, but computer geekery was a middle class thing. Literally millions of people could have done the same.
>He was a natural leader, but you can't just start out as a CEO unless you have a product or service to offer.
That's just nonsense. Anybody can be a CEO - you just need to start a corporation. When Gates and Allen started Microsoft it was just the two of them. There was no product either. This is all on the wiki page, by the way.
>Bill Gates couldn't have had time to build his software if he had to work daily to put himself through school (to have access to the computer).
That might be true except that he dropped out of school as soon as the company was founded.
>Starting with a million dollars is no different than starting with 100 million, it all depends on how good the person is at spotting opportunity, learning from mistakes, and manipulating (not in a bad way) people to help you build your empire.
You don't need a million dollars to start a company, and lots of now-powerful companies were started with far less. Apple, for instance. If Gates was lucky it was because he came of age in a time where computers were changing so fast there were more opportunities for small, agile companies. But that was true of his entire generation.
So no, I do not celebrate their success and I will judge them sharply for profiting so handsomely from public investment.
And don't give me crap about how we benefit too. If our economy was working as a free market that the same billionaires feel it should, they coudn't be billionaires.
Profit has no space in "real" free markets.
Long term profit has no space in models of a _perfectly competitive_ market, a theoretical concept used in the exploration of various economic ideas. The "free"ness of a market doesn't necessarily imply anything about the potential for profit within that market.
I mean look at the technologies they built. Largest people tracker (Google) and largest communication graph (Facebook). Look at the current web technologies and the massive centralization of technology.
Let the government turn off the money spigot, and silicon valley will be bankrupt in a week.
Oh really? And when was the last time you attempted to do what these people do? Easy to judge sitting from an armchair, isn't it?
While you're at it, why don't you stop using any of the products that these people create? And stop using any of the products created by people using their products? Why don't you stop patronising for instance any business that uses Microsoft or Oracle software? Let's see how much choice that leaves you.
>They are also on the backs of the American people who contribute significant amount of money through government sponsorship.
The American government decided to use public resources to fund research without attempting to monopolise the application of results. If you don't like the fact that people have created successful businesses and products with this, you should blame the government, not the people who took risks and brought the applications to market. You don't get to hold out your hand and ask for something back when you gave it away for free in the first place.
>I will judge them sharply for profiting so handsomely from public investment.
Perhaps you should be judged too. After all, aren't you this very moment enjoying the internet? Isn't your enjoyment of it, its enrichment of your life (even potentially your dependence on it for your economic niche) a profit of your own? And how much have you decided to donate to the government as compensation for this profit from your use of the fruits of public research funding?
>Profit has no space in "real" free markets.
I suggest you educate yourself in basic economics before making such stupid claims.
I am just too honest damned. and just too damn nice to attempt to do what these people do.
Remember the Simpsons episode with Bill Gates where he says "I didn't get rich by writing checks!"
And why the hell are you defending those people? Do you wish to be one of those one day? What is in it for you to spend time with a dope like me sniffing their shit?
What kind of drivel is that? If you create a product/service which nobody else can duplicate and the demand for it is there, you are going to make a profit. That's exactly how a "real" free market functions.
In other words, fuck man, capitalists hate markets. They would prefer that you don't have a choice but to buy from them.
Keeping secrets is only one option. Another is the cost to duplicate. Your myopic understanding of manufacturing processes likely cannot be alleviated in the comments section here, but just consider that the cost to build certain chip fab plants is up in the billions and takes years to build. Once the first entity builds that, it is guaranteed a profit for at least the number of years it takes to build a duplicate manufacturing process. This is true under any definition of a real free market, making your assertion false.
>In other words, fuck man, capitalists hate markets.
Nope, you mean incumbents hate markets. I think you need to revisit the definition of a capitalist. A real capitalist dreams of when they can come in with a better price/service/product and unseat the incumbents.
Wasn't that, in at least part, the reason why government felt the investment was worth making? To fund (expensive) basic research that can then be taken to drive and create enterprise?
"Wasn't that, in at least part, the reason why WE felt the investment was worth making? To fund (expensive) basic research that can then be taken to drive and create enterprise?"
and let me finish it off for you.
"that can then be taken to drive and create enterprise so that we can pay out the ass for everything we buy so that a couple of snakes can have billions."
The reality is the government made that decision behind our backs. Nobody asked you and me. They made that decision to pad the pockets of their friends. They are just administrators after all.
The article is about the balance of funding -- how much of it is private, and how much of it is public. Nobody is claiming that rich people shouldn't be allowed to fund vanity science projects.
"Balance of funding" is a cute euphemism though for "let's punish rich people for exercising their free choice, steal more of their money and give it to bureaucrats and congressmen in the White House to squabble over and divert into kickbacks for districts and lobbyists." Because everyone knows the government's track record of wise use of funds is so fantastic.