3 ms·
Yup. $1M/yr (the example I provided above) is a massive reward, so taxation in this way (leaving the risk taker huge rewards) is a great way to encourage entrep
by markdown 3y ago
Yup. $1M/yr (the example I provided above) is a massive reward, so taxation in this way (leaving the risk taker huge rewards) is a great way to encourage entrepreneurship while ensuring a better society by using the extra money (taxed) to give him better streets, lower crime, and a better educated workforce/neighbours.
- t43562 3y agoThat prevents a person from taking their next bigger risk e.g. building a factory and hoping that the products it makes will sell. If we only had better streets we'd be a bit like the Romans - bogged down trying to satisfy everyone with centuries old technology.