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Politics : Formerly About Advanced Micro Devices
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To: bentway who wrote (656798)5/28/2012 10:24:45 AM
From: Wayners  Read Replies (1) of 1578678
 
Just as in finance, risky investments all have a level of risk, the more risk, a higher rate of return is required. Same thing goes for taxes. People take all kinds of risks to be successful. They spend a hundred thousand dollars to several hundred thousands of dollars on an education and forgo earnings for 10% of their working years to earn that education. They invest their own sweat equity and long hours in a small business and their own money and family and friends money, oftentimes at great risk, and you think the Govt who took no risk should be entitled to the profits if there are any. Notice the Govt doesn't share in losses, only profits. It's clearly unfair and the income tax is a highly unfair tax. People demand and are entitled to a high rate of return on their small businesses because of the risk that was taken and a confiscatory income tax structure that doesn't allow an adequate return for that risk will prevent thousands and thousands of folks from ever starting a small business to begin with. It just doesn't pay and isn't worth the risks and hard work, just as it isn't smart to load a stagecoah full of gold and then travel a known highway with bandits (Govt) who are going to steal your gold. Why ship the gold at all?
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