The industrial age spurred people to be passionate, creative, brilliant, and more productive and wealth-producing than ever before.

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Second, the people who put these schemes together are very intelligent and absent the capital gains windfall might actually do socially productive work like, say, producing American products that people around the world would like to buy.

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Naturally, besides owning this fabulous car, Cornelius Whitney managed to be a brilliantly productive man, both founding Pan Am Airlines and co-producing Gone with the Wind.

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While government can invest in industries in ways that are productive, empirical evidence and the preponderance of academic studies suggest that private companies are better at increasing productivity and producing long-term job growth.

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