For the most part, the poor are less educated, less experienced, and have less access to capital.  These three factors are crucial in creating a comparative advantage over others, thus making the poor’s comparable advantage is much smaller.  The greater the comparative advantage, the longer you can overcome higher tax rates.

The Laffer Curve
A business owner who has proven to create wealth, not just for themselves but also for all the people whom they hire and purchase product from, are too often discouraged from expanding or starting a business because of high tax rates.  Many of these successful businessmen have already acquired wealth and can have a good lifestyle without working.  Higher tax rates discourage businessmen from benefitting all of his would-be employees.  

Supply and Demand
An ever growing tax rate continues to discourage businessmen from starting businesses and employing people.  Having a decreasing level of jobs and a steady number of people needing to work drives down wages when people offer their labor services for less so as not to be out of a job.   
 


Comments

04/28/2016 4:46am

The holy about the human being is totally dependent on the capital as well. Because without capital the human being cannot survive our self as well in our society. We should avail other opportunities as well.

Reply

These exercises can also be done at your abode whilst you cook, clean, or do the laundry

Reply



Leave a Reply

    Bill Haley

      Bill Haley started Haley2024 in the spring of 2013 in an effort to his part in restoring freedom to America.

    Archives

    August 2016
    July 2016
    May 2016
    November 2015
    September 2015
    February 2015
    July 2014
    May 2014
    April 2014
    March 2014
    January 2014
    September 2013

    Categories

    All