Letters to the Editor

Your views in 200 words or less

Tag: redistribution

Sep.
26th

ECONOMY: Growth hurt by redistribution

Rewarding businesses that provide society with the products and services they want is fundamental to economic vibrancy.

Apple Inc., the world’s largest company by market capitalization, recently released the newest version of its iconic Smartphone: iPhone 5. Preorders topped 2 million in the first 24 hours. It will give a massive boost to suppliers and derivative companies; indeed, JPMorgan estimates it could add about 0.5 percent to the nation’s GDP on an annualized basis.

Should public servants determine that Apple’s executives, or any brilliant innovators who create wealth for society, have “made enough money”? Is the government more efficient than

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