When someone becomes rich through this path, they aren't rolling around with a billion dollars in a vault Scrooge McDuck style. Almost all of their wealth that isn't taxed is already tied in their own business or in investments in other businesses, so they're already doing the things that you say will make it work for the world. Even the little bit of liquid money they keep in the bank is loaned out to other profit-seeking entrepreneurs.
Once again, profit is not immoral. It serves as an important signal for capital to be directed in the value-creation cycle that ends up producing wealth for everyone. In the words of Isabel Paterson: "Production is profit; and profit is production. They are not merely related; they are the same thing. When a man plants potatoes, if he does not get back more than he put in, he has produced nothing."
You are saying that if a man who planted potatoes harvests them and keeps some for himself above and beyond what he needs to subsist, he is evil. I'm really not sure how you justify that position.
> You are saying that if a man who planted potatoes harvests them and keeps some for himself above and beyond what he needs to subsist, he is evil. I'm really not sure how you justify that position.
I don't, because that's not what I'm saying.
If you actually read my post, I did not say that taking any profit was evil. I said taking enough profit to make you a billionaire was evil.
The scale of what it takes to become a billionaire is absolutely mind-boggling. I might, if I am lucky, make enough in my lifetime to have a million dollars saved up.
I would have to work a thousand of those lifetimes to get a billion dollars.
And yes; someone who is a billionaire keeps that money in stocks and things, and it's true that it's not just a pile of cash...but that doesn't actually mean that it's usefully "in the economy". It's still theirs. (And remember, unless you buy it as part of a direct issuance from the company, buying stock doesn't actually put more money in their pocket.)
Once again, profit is not immoral. It serves as an important signal for capital to be directed in the value-creation cycle that ends up producing wealth for everyone. In the words of Isabel Paterson: "Production is profit; and profit is production. They are not merely related; they are the same thing. When a man plants potatoes, if he does not get back more than he put in, he has produced nothing."
You are saying that if a man who planted potatoes harvests them and keeps some for himself above and beyond what he needs to subsist, he is evil. I'm really not sure how you justify that position.