Wednesday, May 18, 2011

Video: Morality of Profits; Should We Give Back Wealth to the Society?

Billionaire-philanthropist Bill Gates says that the we should pursue the idea of giving back wealth to the society.

In this video the illustrious Tom Palmer explains the morality of profits by distinguishing between wealth obtained from voluntary and involuntary (pelf) exchanges.



As Ludwig von Mises once wrote,
Profit is the reward for the best fulfillment of some voluntarily assumed duties. It is the instrument that makes the masses supreme.

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