Bill Gates And Wealth Analysis

In societies based on voluntary trade, people grow rich by producing goods that customers purchase over the alternatives available. Individuals differ in ambition and ingenuity, but the ability to earn wealth inspires them to create finer products. In a market-oriented economy, the ability to move between classes hinges on the ability to satiate the desires of others; by nature, consumers purchase goods from suppliers who outperform their competitors. Ergo, for Bill Gates or other producers to earn their wealth, they must produce and sell something that people judge to be worth buying. Hence, an economic hierarchy is created, and those who better satisfy consumers’ wants will make more money. It becomes evident that individuals as well as their …show more content…
Thomas Sowell claimed, “It’s true that Bill Gates has more money than some countries, but of course he created more than some countries.” Gates’ greatest accomplishment was designing and refining innovative software for the personal computer (PC) and making PCs universally popular machines. As a result, computers became more accessible and widely used. Gates ' business skills and gift for software design transformed Microsoft into a multibillion-dollar empire. Bill Gates, the world’s wealthiest man, thrived in a system of inequality by developing one of the computer industry’s finest programs. Consumers also benefitted from this system of inequality because they were able to obtain better computer software. Transition sentence. Consider Walmart, a company that surpassed its competition by providing goods for much lower prices. Customers of that company, many of whom are among the poorer in their community, benefit from Walmart’s low prices. Their real incomes increase when they purchase less expensive goods supplied by …show more content…
The animosity extends to the wealthy population today. However, the needs of the poor are disjoint from the earnings of the rich. In essence, their earnings have little to do with the quality of life of lower class individuals. Most citizens are disdainful of Bill Gates, Sam Walton, and Warren Buffet, individuals who would lead any list of postmodern robber barons. If the rich had grown richer at the expense of the poor, thereby making them poorer, there would arise a reason for concern. Conversely, wealthy individuals deserve to make as much money as they can, so long as earn their money honestly. Sam Walton, the founder of Walmart and Sam’s Club, created an extremely well managed business and a corporate culture defined by a set of shared values. Walton, a detail oriented business man, constructed a business that could adapt to contemporary demographic trends and would eventually become the epitome of modern retailing. Walton, like most wealthy entrepreneurs, provided a service second to none and surpassed his