Recapturing the Spirit of Enterprise

By George Gilder | Go to book overview
Save to active project

7
A SAD HEART IN A PERSONAL JET

Wayne E. Copeland, Jr., is a born entrepreneur who in the early 1980s found his best investment. Most of the time he has been rich--although the late 1980s were not to be good to him. In 1981 he was wealthy enough to fly a personal jet from his home in Norman, Oklahoma, to distant airports to meet with writers on economics and tell his story. I got the treatment one night--a ride in the yellow-and-blue-striped Sabre Liner from Orlando to ClearU+00A water, Florida; Milton Friedman was next on the schedule. Wayne Copeland was that rich; rich enough to run a yellow-and-blue taxi for Milton Friedman. But his story--being a distinctly American tale of the 1970s and early-1980s economy--is not altogether a success story, and his "best investment" was not exactly what one would expect from a then thirty-nine-year-old entrepreneur with an ambition to change sharply the architectural and intellectual horizons of his city, now renowned chiefly as the home of the University of Oklahoma football team. Wayne Copeland devoted his "best investment" to the politics of transforming the U.S. tax structure, with its nominally high rates riddled with loopholes, and with its endless traps and complexities, into a simple flat-rate system. In part, he succeeded, and learned the pains of Pyrrhus amid Oklahoma's crash of oil and S&Ls.

Like so many business venturers, he was thrust into the role as a small boy when his father--another compulsive entrepreneur--left the family in Oklahoma to seek his fortune in California. Wayne Junior found himself assuming the male role in the family. Also like many other entrepreneurs from broken homes,

-121-

Notes for this page

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
Loading One moment ...
Project items
Notes
Cite this page

Cited page

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

Cited page

Bookmark this page
Recapturing the Spirit of Enterprise
Settings

Settings

Typeface
Text size Smaller Larger
Search within

Search within this book

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

While we understand printed pages are helpful to our users, this limitation is necessary to help protect our publishers' copyrighted material and prevent its unlawful distribution. We are sorry for any inconvenience.
Full screen
/ 342

matching results for page

Cited passage

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

Cited passage

Welcome to the new Questia Reader

The Questia Reader has been updated to provide you with an even better online reading experience.  It is now 100% Responsive, which means you can read our books and articles on any sized device you wish.  All of your favorite tools like notes, highlights, and citations are still here, but the way you select text has been updated to be easier to use, especially on touchscreen devices.  Here's how:

1. Click or tap the first word you want to select.
2. Click or tap the last word you want to select.

OK, got it!

Thanks for trying Questia!

Please continue trying out our research tools, but please note, full functionality is available only to our active members.

Your work will be lost once you leave this Web page.

For full access in an ad-free environment, sign up now for a FREE, 1-day trial.

Already a member? Log in now.

Are you sure you want to delete this highlight?