Profit is not greed or exploitation, but rather a reward for providing value to others; when profit is seized, it eliminates the incentive for people to work hard and contribute to society, as the incentive structure in America is designed to encourage productive effort through the promise of profit.
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Profit Isn't Greed—It’s SERVICE. The Truth Most Schools Won’t Teach You 📈🧠Added:
People have to understand that if you want to just seize [music] all the value from those folks, there's no incentive for them to ever get out of bed and do something tough.
The incentive structure in America works so that I love it. I'm going to quote Walter Williams, who is an African-American [music] hard scrabbly living in the Jim Crow South. He was self-educated and he went to college and became a brilliant professor at George Mason University in his later years. Anyway, what he says is that most people don't understand profit. They think because partly of biblical narrative and some certainly neo-Marxist narratives that [music] profit is about greed and exploitation.
And that could not be further from the truth when it's properly understood.
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