ppl think: a rich person has all this money and s/he employs ppl, thank god for rich ppl!
but if the rich person got his money by overcharging, then arent you really being employed by money stolen from now-poor ppl?
over 1/4 of the price of a microsoft computer goes to bill gates IN RETURN FOR NOTHING - his fairpay for his work is part of costs
[it only takes a personal av annual profit rate of 36% to turn the 5 million he started with into the 50+ billion he has, 30 years later - ie, the 30th root of 10,000 is 1.36] - and there are many microsoft millionaires - ie, the total costs of making microsoft ware may be as little as a 1/4 of price
proverb: the poor man pays for all
the poorer the person, the more certain it is that he ISNT a thief
the richer the person, the more certain it is that he IS a thief
[the maximum EARNABLE fortune is only around US$1 million - 'the only honest way to make a million is to save $500 a week for 40 years']
are we all backtofront?
2006-10-08
20:46:27
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7 answers
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asked by
Anonymous
in
Social Science
➔ Economics