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>>There is scant evidence backing up that "usually". You obviously need some incentives for people to take risks or work hard, but no Zuckerberg or Gates or Kam
by bsbechtel 10y ago
>>There is scant evidence backing up that "usually". You obviously need some incentives for people to take risks or work hard, but no Zuckerberg or Gates or Kamprad or Ek would have been discouraged if his marginal tax rate had been 10% higher.
Had Elon Musk's marginal tax rate been 10% higher, we wouldn't have Tesla or SpaceX, considering he nearly went bankrupt multiple times trying to build both companies. Your comment about drinking water is also inaccurate considering the water systems in nearly all US cities are government controlled monopolies.
- aninhumer 10y agoOr he would have structured his investments slightly differently to take into account the extra tax, and been fine. Or he would have gone bankrupt, but got back up again thanks to an improved social safety net. Or a better funded space program would have made greater progress on its own, and he could have focused on another aspect of his vision of colonising Mars. You can't just look at how people did under one set of circumstances and extrapolate to another.