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What increased the wealth of society was Rockefeller's cheap kerosene
that added hundreds of hours of light to people's lives annually.
Edison, Ford, the Wright brothers, and innumerable others also
created unprecedented expansions of the lives of ordinary people. The
individual fortunes represented a fraction of the wealth created.
Even those of us who create goods and services in more mundane ways
receive income that may be very important to us, but it is what we
create for others, with our widely varying capabilities, that is the
real wealth of nations.
Intellectuals' obsession with income statistics -- calling envy
"social justice" -- ignores vast differences in productivity that are
far more fundamental to everyone's well-being. Killing the goose that
lays the golden egg has ruined many economies.
Source, Thomas Sowell, "The Inequality Bogeyman," realclearpolitics.com, January 28, 2014
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