econ

Jeff Bezos’s Yacht: Driver of Economic Activity

Rothbardian_fanatic

> We all understand why it's bad if the government decides to do that, but if a billionaire does that it's ok because it's a private choice?

A waste of resources is a waste of resources, no matter which way you cut it. However, if a billionaire decides to waste his own resources, isn’t that a free choice he can make? If he makes too many of those kinds of choices, he will not remain wealthy for long, will he? Perhaps this is why we say, “Rags to riches to rags in three generations!”