If you google "economic inequality" you will find many resources to educate on how U.S. style economics of the last 30 years have contributed in greater economic inequality, to which most believe is a major underlying factor of social problems.
As to your assertion that the rich live in 70% tax brackets, this is quite untrue. The 70% bracket is unfair but few Americans actually find themselves in this bracket. Those in this bracket are high-wage earners, mostly doctors and lawyers, that don't have much outlets for tax reduction. This group is unfairly punished at the moment and it would be wise to fix this problem.
If you as an entrepreneur find yourself even remotely close to a 70% tax bracket, I highly encourage you to post something to HN like "Ask HN: Please help me find a tax planner with two brain cells to rub together" ;).
There are lots of risks entrepreneurs take. But one reward is great opportunity to reduce tax both as you go and after a big payoff.
As to your feeling that you wouldn't want to live in a a country that never had Reaganomics...there are many great Americans (those that created what we have now) that lived before 1980 that do not share your feelings.
I'm not trying to be abusive. I'm writing this to provide additional perspective.
As to your assertion that the rich live in 70% tax brackets, this is quite untrue. The 70% bracket is unfair but few Americans actually find themselves in this bracket. Those in this bracket are high-wage earners, mostly doctors and lawyers, that don't have much outlets for tax reduction. This group is unfairly punished at the moment and it would be wise to fix this problem.
If you as an entrepreneur find yourself even remotely close to a 70% tax bracket, I highly encourage you to post something to HN like "Ask HN: Please help me find a tax planner with two brain cells to rub together" ;).
There are lots of risks entrepreneurs take. But one reward is great opportunity to reduce tax both as you go and after a big payoff.
As to your feeling that you wouldn't want to live in a a country that never had Reaganomics...there are many great Americans (those that created what we have now) that lived before 1980 that do not share your feelings.
I'm not trying to be abusive. I'm writing this to provide additional perspective.