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" ... And then there’s technology. Implicit in this notion that a depressed world redounded to the U.S. economy is the observably false notion that global competition has been a U.S. job killer. More realistically, the internet, the computer and now-prosaic advances like the ATM have been the biggest “destroyers” of the allegedly grand work of the distant past. Not only could only a microscopic portion of the U.S. population get by happily without all three, the fact that so much global production flows to the United States is a certain signal that job-destroying technologies haven’t wrecked the U.S. economy as much as they’ve changed the ways in which we work; our relentless importing of the world’s plenty another certain signal that technology has rendered us even more productive. And quite a bit wealthier than we once were. Our nirvana is now, and it’s tomorrow. ... "
" ... To see why, look to Adelson again. Worth tens of billions, what the government didn’t take or borrow from him most definitely redounded to growth. Adelson could reinvest it in his casino empire, or he could have invested it in other ventures. What he didn’t spend wasn’t hidden under a mattress; rather it was reinvested. In short, the untaxed Adelson was the personification of economic growth. There are no companies and no jobs without investment, and Adelson had billions of unspent wealth that could only be invested. ... "