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Alright, Hank Rearden. Let's see you build a steel plant by yourself, starting with two coconuts and a bit of twine. Then we'll talk about your God-given proper
by vannevar 10y ago
Alright, Hank Rearden. Let's see you build a steel plant by yourself, starting with two coconuts and a bit of twine. Then we'll talk about your God-given property rights. In the meantime, as long as we rely on the patent system, banking system, courts, and police to build and maintain our businesses, I'm fine with the government coming and 'stealing' some of our profits.
- clarkmoody 10y ago> patent system, banking system, courts, and police If that's all the government funded, then taxes would be very low indeed. > some of our profits But it's not "some" is it? It's over 50% in places.
- vannevar 10y agoTaxes also go to things like healthcare, because most of us recognize that living in a world where having people dying in the street is sub-optimal. And most people who are in a 50+% bracket are still getting a bargain, because their personal effort and skill contribute much less than 50% of their income.