It happens in slow and in subtle ways. If you look at Obamacare. What this law does, (aside from all the job killing) is it mitigates the incentive for innovation in medical technology. When the government assumes more and more of the responsibility, the abilty to make profits from innovation is lessened. Some theink thats good. "There all a bunch of greedy *******s". But in reality, fewer lives are saved down the road as a product. So we've stuck it to the capitalists, but we've harmed mankind.There are millions of other examples or what I'm talking about.Nothing on this planet produces more innovation and effiency than free and open markets. Because it taps into the greatness of human beings.
Maybe I missed it, but where does Obamacare reduce the incentive for medical technology? I've gone to seminars on this and have yet to hear anyone bring up this issue.
Not 1%, no. Maybe around 10. I disagree with taking their money away or taxing them more than 50% like the occupy movement wanted to do. They or their family members were successful, its theirs. Demonizing success and hard work is un American
Do you realize that in the 1970's the top tax rate was 70%?