Arggghhhhhhh!!!!!
22 September 2006
Editor, The Washington Post
1150 15th St., NW
Washington, DC 20071
Dear Editor:
Complaining that each of today's 400 richest Americans is a billionaire, Dean Baker says that "If these people pull away so much wealth, that means everyone else has less" ("The Super-Rich Get Richer: Forbes 400 Are All Billionaires," September 22). He is staggeringly mistaken.
For example, Google founders Sergey Brin and Larry Page never once took anything from me or from anyone else. Instead, they created wealth by producing a product that improves my and millions of other people's standard of living. Had Messrs. Brin and Page not created Google and earned their wealth, I and these millions of other people would not be richer - we'd be poorer.
Sincerely,
Donald J. Boudreaux
Chairman, Department of Economics
George Mason University
Editor, The Washington Post
1150 15th St., NW
Washington, DC 20071
Dear Editor:
Complaining that each of today's 400 richest Americans is a billionaire, Dean Baker says that "If these people pull away so much wealth, that means everyone else has less" ("The Super-Rich Get Richer: Forbes 400 Are All Billionaires," September 22). He is staggeringly mistaken.
For example, Google founders Sergey Brin and Larry Page never once took anything from me or from anyone else. Instead, they created wealth by producing a product that improves my and millions of other people's standard of living. Had Messrs. Brin and Page not created Google and earned their wealth, I and these millions of other people would not be richer - we'd be poorer.
Sincerely,
Donald J. Boudreaux
Chairman, Department of Economics
George Mason University
Posted by Don Boudreaux on
Friday May 25, 2007 at 5:02pm