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How an Economy Grows and Why it Crashes by Andrew J. Schiff, Peter D. Schiff

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Chapter 2. SHARING THE WEALTH

SHARING THE WEALTH

Able, the entrepreneur, seems to have a bright future. But what about the rest of the island? Haven't we just created a caste system of the have and have-nots? Will Baker and Charlie suffer because of Able's success? Not likely. Although it was never his intention to benefit anyone other than himself, Able's capital helps everyone nevertheless. Let's see how.

SHARING THE WEALTH

After witnessing the ease with which Able now catches his fish, Baker and Charlie asked him to share his innovative fish catcher.

"Hey, Able," said Charlie, "since you use that thingy only every other day, how about you let me use it the day you're out doing other stuff?"

"C'mon, share the wealth, buddy," added Baker.

SHARING THE WEALTH

But Able didn't just fall off the tuna truck yesterday. He remembers his self-sacrifice ... he remembered their scorn, and he thought of the risk. "What if they break my net? What if they just don't give it back? Then it's back to square one for me. So long, designer leafwear!"

SHARING THE WEALTH

With all this downside, Able turned them down. "Sorry, guys, no can do. I made my own net, so can you. At least you guys ...

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