Why to Tax the Rich: How the Rich Get Richer

The Ken Griffin interview got me to think about some earlier contributions about his thinking.

A Pennsylvania businessman wrote a book with a revealing title.

Farquhar, A. B. in collaboration with Samuel Crowther. 1922. The First Million is the Hardest: An Autobiography (Garden City, NJ: Doubleday): p. 19.

Andrew Carnegie’s rumination throw light on this subject:

2 & 15: “wealth has been produced as if by magic, and fallen largely to the captains of industry, greatly to their own surprise ….  The community created the millionaire’s wealth.  While he slept it grew as fast as when he was awake.”

Carnegie, Andrew. 1906. “Wealth.” in Problems of To-day: Wealth, Labor, Socialism (Garden City, NY: Doubleday, Doran, 1933): pp. 1-39.

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