On: Wealth Inequality in America drawn to scale

> Why start a business in this sort of economic environment?

Why take on a job when you have to pay income tax? Because you'll still have much more left over than if you didn't. And this answers your question: because you'll still have much more left over than if you didn't start a business.

If taxes are high enough, they will disincentivize work.

I'm on disability, and if I make over $1000 a month, anything over $1000 gets taxed at 75%.

Do you think I work enough to make over $1000 a month? Do you think I'd scrub toilets for $20 per hour and take home only $5?

Hint: after $1000, I either get paid cash or don't work

Sure. If a wealth tax was set at 99% it'd be dumb. But this is not itself an argument against all taxes.