The best runners and rebounders and hitters and passers would get the biggest increase in tax bills. What are the likely consequences? Overall performance would suffer. Athletes would spend less time working out in the off-season. They would spend less time practicing year round. They would devote less effort to studying their opponents—the list goes on and on. Read the rest of this entry »
Surely many things motivate all individuals, including innovators, great and small. One of these motivating factosrs may reasonably be assumed to be financial success. (We say this because there is a vast body of evidence that financial success is one of the motivators of human beings in virtually all walks of life.) Read the rest of this entry »
Somewhere along the line, whether it was the Mexican farmers who 6,000 years ago began genetically engineering the precursors to corn, or Bill Hewlett and David Packard, who transformed semiconductors into calculators, business machines, and laser printers, it is innovation that has created the products that enable us to live like no other species on earth. Read the rest of this entry »
Steve Jobs (Apple) didn’t invent the semiconductor, Bill Gates (Microsoft) didn’t invent the computer operating system, Oprah Winfrey (The Oprah Show) didn’t invent the talk show, and Mark Zuckerman (Facebook) did not invent social networking. Read the rest of this entry »