Sunday, July 11, 2021

Public Tools That the Fabulously Wealthy Employ

What allows folks to accumulate multiple millions to multiple billions of dollars?


How many people, with education at public schools, worked at their (multi-millionaires' and billionaires') companies when they made their second million dollars?


How many paved streets, airports, seaports, electrical, telephone, data connections (common carrier infrastructure) did they require?


How dependent are they on GPS, Internet, enormous scale integrated circuits: computers, TV, etc... (things developed by FFRDCs - actual public/private partnerships)?


How many factories and service centers (other facilities) did these rich folk move to low cost countries to increase their own profits?


How much of their money is (at least on paper) kept in tax shelters/havens?


So how did all that money wind up in their pockets?


All these incredibly wealthy people were born into a world that was able to assist their pursuit of enormous wealth, thanks to the efforts of taxpayers and government that came before.

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