Friday, September 23, 2011

So no one is going to start a business

because tax rates are too high! That's the Republican talking -point. Well think since the start of the income tax, better yet - since the end of the Second World War, have you ever hear one job creator/ business man claim they wouldn't start their business because tax rates are too high. Imagine Sam Walton, Colonel Sanders, H & P, Bill Gates, Zuckerman et al. saying their are not going to start the next hot business idea because taxes are above 25%. Unlikely. I would argue that the drive to lower tax rates is a sign that capitalism is failing.

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