"If a business fails then it's because they aren't good enough to run it, so why steal money from somebody else to keep them afloat? Instead, let them go out of business & let other capable people buy & take those economic resources like land, labor & capital to produce goods & services more efficiently. Profit is usually the market-indicator of success."
i agree , also the big banks/brokers/insurance companies should have been allowed to seek their own level.
It matters more so for the wanna-be rich people. I'll quote my local free-market economics professor:
Originally Posted by ShaneEnochs
"These are the people who will create new jobs. They aren't yet rich, so they don't show up among the "rich entrepreneurs" who say that taxes don't matter. They also haven't yet taken on the risk that leads to job creation. In deciding whether or not to take on entrepreneurial risk, they will balance the risk against the expected after-tax return. The higher the tax rate, the less likely they will be to take on risk and so the less likely they will be to create jobs."
wouldn't you say those opportunities only existed because land and resources were underdeveloped, and once done, they're gone?
Originally Posted by Paul Or Nothing II