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Billionaires Warren Buffet and Bill Gates fall ill to socialist philosophy
(July 17, 2006)
Redmond, WA –
Billionaires Warren Buffet and Bill Gates have just come down with the
philosophical illness that Ayn
Rand called, "the sanction of the victims." That's the
condition in which successful individuals, having no idea of the causal
relationship between the philosophy of individual rights and free market
capitalism, apologize for being successful businessmen in America, and then
commit financial suicide through self-sacrificial actions such as breaking
up their capital and donating it to the "poor" or another collective group.
The problem is not
donating to the poor per se. The problem is the philosophical reasons
that Buffet and Gates have given for donating to the poor. If one
truly wants to help the poor, sick, and downtrodden masses, the best
possible method is to obtain a huge glob of capital and put it to work to
produce time and labor saving inventions, whether in the field of medicine
or computers or agriculture or any other field. That's why we have
stock markets and new companies issue stock, in order to amass enough
capital to get the job done. The worst possible economic method to try
to help the poor and sick is to donate all of one's capital and split it up
among the sick and poor as charity. The sick and poor will each spend
their measly portion in five seconds flat and then end up right back in the
same poor and sick condition they were in to begin with.
If Bill and Melinda Gates (and Warren Buffet) really want to help solve the
AIDS epidemic in Africa, they should use their billions of dollars of
capital to model a medical research company much like their computer
company, Microsoft, and work to discover a cure. And they should do it
for a selfish profit to ensure they continue to generate more capital.
Otherwise, they will simply fall into the same bankrupt socialist paradigms
as all the other welfare statists who continually fail at trying to solve
world hunger, world diseases, and world everything elses through "charity"
or fiat monetary schemes such as the World Bank.
non-understanding that the philosophy of individualism and non-infringing
mutual self-interest is a virtue, not a vice, underlying basic free market
economics and that capital accumulation is good, not bad, is what socialists
and all collectivist politicians depend upon to convince businessmen,
inventors, and scientists to accept guilt for being successful AS
INDIVIDUALS. Successful Hollywood actors and actresses have already
fallen into this philosophical mind trap. So have most American
businessmen as you see them grovel in guilt and continually apologize to the
U.S. Congress for existing. "Oh, I'm so sorry for making a profit;
please don't beat me, senator."
All the socialists have to do to obtain power is to convince the people that
the highest moral goal for the individual is to commit self-sacrifice for
the collective state or, in the old days, the collectivist church.
Once Big Brother has obtained "the sanction of the victim," the individual
believing that he/she is guilty for existing and living for his/her own
self-interests, the state-collectivist politicians win.
Donating to charity because you can afford to is not bad per se; it depends
on your reasons. Splitting up all of your accumulated capital because
you feel guilty and because you don't believe, as Warren Buffet mislabeled
it, "in dynastic wealth," (which means inheritance defined as individual
rights of the giver) and that "it flies in the face of really what this
country is about," is the wrong reason. Accumulating capital and
putting it to work for mutual selfish profits based upon individual rights
and free market philosophy is exactly what America is all about. A
million AIDS victims don't need "free"
welfare crutches after the fact; they need one capitalist vaccine with no guilt attached.
-- FM Duck
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