By Marian L. Tupy
Saturday, June 06, 2026
There’s no doubt that Amazon founder Jeff
Bezos earned his fortune, and it’s easy to see how the value his work has
created has benefited modern society. Amazon has saved people many hours and
many dollars. Basic arithmetic shows that his fortune represents only a
fraction of the value created for others.
But that is not the only defense of his wealth. There is
also a moral defense rooted in economic justice. It rests on ownership,
discovery, choice, and responsibility.
When I recently wrote about Bezos’s value creation in the Wall
Street Journal, some readers objected that Bezos did not build Amazon
by himself. Amazon used the internet. The government helped create the
internet. Therefore, his wealth is partly a product of government action.
Therefore, the state has a moral claim on much of his fortune.
That is Barack Obama’s “you didn’t build that” argument.
True, no one builds anything in isolation, and entrepreneurs use laws, courts,
roads, schools, electricity, language, science, and prior inventions.
But the redistributionist conclusion does not follow.
Public inputs are not gifts from the state. They are
funded by taxpayers. If government taxes citizens to build roads, courts, or
networks, it cannot later treat those services as favors that create a second
claim on private achievement. Citizens paid for the input. They do not owe the
state their output.
Access is not authorship. The internet made online
commerce possible. It did not make Amazon inevitable. The same public inputs
were available to millions of people. Every major retailer, investor, and
bookstore owner had access to the network. They did not change how we shop.
Bezos did.
The logic applies universally. The lawyer did not invent
the courts. The doctor did not invent medicine. The writer did not invent
language. If public input is dispositive, then private property becomes
meaningless.
The argument becomes circular when government monopolizes
an input. The state taxes citizens to fund infrastructure, restricts or crowds
out private alternatives, and then says citizens’ use of state infrastructure
proves their dependence on government. That is not moral reasoning. It is a
closed loop.
True public goods may justify taxation under clearly
defined rules. They do not justify an ownership claim over every enterprise
that uses them.
The public inputs argument takes success for granted but
never explains why Bezos succeeded while most did not even try. The economist
Israel Kirzner provides the answer: entrepreneurial alertness. A
successful entrepreneur notices what others miss, acts before others act, and
is rewarded if consumers value the result.
What about the efforts of Bezos’s employees? Workers are
part of Amazon’s success, but their work took place inside an enterprise Bezos
created. Wages compensate labor. Equity rewards ownership and risk. Those are
different claims.
That leads to a second, deeper objection to
entrepreneurial wealth from their creations. Bezos may possess unusual
alertness, intelligence, drive, or temperament. But he did not earn those
traits. He was born with them. Why should he own the returns from gifts he did
not earn?
The objection confuses two questions. One is whether a
person earned his original endowments. He did not. No one does. The other is
whether the absence of self-creation gives someone else a better claim to those
endowments. It does not.
“Unearned” does not mean “ownerless.” Still less does it
mean “state-owned.” A person does not earn his memory, courage, intelligence,
looks, or energy. Yet those traits are not public property. Think the opposite,
and every wage, prize, patent, book, performance, and promotion becomes
suspect.
Personal attributes are inseparable from the person who
possesses them. To let the state claim their products because a person did not
earn them is to give the state a prior claim to the person himself.
Who, then, has the best claim to his talents and to the
fruits of their use? His parents? Parents do not own adult children. The state?
The state provided general conditions funded by taxpayers, but it did not raise
him, take his risks, delay his gratification, or make his decisions.
That leaves Bezos. He may not have earned his native
abilities, but he is the person who must exercise them or waste them. Bezos put
his endowments into productive action.
This, then, is the morally principled case for Bezos’s
wealth. A person has the first claim to his mind, body, time, and choices. If
he uses them peacefully, and if others deal with him voluntarily, the resulting
gains are his.
Unequal ability does not transfer ownership of the able
to politicians. To let politicians claim ownership over productive talent is a
moral inversion.
Everyone stands on the shoulders of others. Only a few
see farther and build from what they see. We should welcome unequal talent when
it is used peacefully and productively. It is a force that moves civilization
forward.
No comments:
Post a Comment