On Billionaires

Assuming that billionaires are any sort of “problem” (I don’t), the solution is not to take their wealth and redistribute it to others. No, the solution is to remove any and all barriers to compete with them entrepreneurially. Bill Gates and Jeff Bezos became billionaires because they provide or have provided goods and services to willing customers, but some of their wealth was all but guaranteed by the monopoly protections afforded by software patents and trademarks. To the extent that competition was coercively prohibited by the state in the issue and protection of these patents and trademarks, their gains were ill-gotten. Abolish intellectual monopoly, and every other form of protectionism, and the economy will redistribute their wealth by redistributing their market share. “Problem” solved, and that’s today’s two cents.

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Founder and editor of Everything-Voluntary.com and UnschoolingDads.com, Skyler is a husband and unschooling father of three beautiful children. His writings include the column series “One Voluntaryist’s Perspective” and “One Improved Unit,” and blog series “Two Cents“. Skyler also wrote the books No Hitting! and Toward a Free Society, and edited the books Everything Voluntary and Unschooling Dads. You can hear Skyler chatting away on his podcasts, Everything Voluntary and Thinking & Doing.

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H Rearden
H Rearden
2 years ago

The downside is that not having copyright protection can stifle innovation. Why bother working hard and spending money to create something that is an idea you have if after having achieved it someone who is lazy can simple copy it without having to do the hard work and spend the money it took you to create it? What is the incentive to create something if you can wait for someone else to do the hard work and copy what they did? You see the problem is not solved. There are pros and cons to both sides of the argument. Is… Read more »

H Rearden
H Rearden
2 years ago

Theft of IP is an initiation of aggression. I have read Kinsella’s view prior to my post and I am not convinced by him. I also think it is hypocritical for someone to claim they are opposed to patents and copyrights and work as a patent or copyright lawyer. That is like a person claiming to be opposed to the income tax working for the IRS. I am convinced by Spooner and rothbard btw. Have you heard of Robert Kerns?

Kilgore Forelle
2 years ago

As Kent wrote ” … you don’t owe molesters anything.” (Maybe paraphrased) Kent, please correct me if I missed your drift.

At any rate, I believe the burden should be on the claimant.