You are reading a single comment by @ffm and its replies.
Click here to read the full conversation.
London Fixed Gear and Single-Speed is a community of predominantly fixed gear and single-speed cyclists in and around London, UK.
This site is supported almost exclusively by donations. Please consider donating a small amount regularly.
@ffm
That's clearly bollocks. Lots of people have started and developed successful businesses when tax rates have been much higher than they are now.
What by making sure that the wider population are healthy (well-funded healthcare), well educated (free lifetime education), well trained (cheap subsidised skills training), mobile (cheap or free public transport), not tied up in childcare (free universal childcare), and possibly with a basic income to invest in themselves and their business ideas (universal income/citizens dividend)? Sounds like a plan, but it's going to require a bit of taxation to fund all of those things.
Of course, you don't actually mean "wealth creation" do you? You mean "wealth accumulation". You're trotting out the basic defense of unfettered capitalism which somehow thinks it's a good thing for a small number of individuals to accumulate wealth because they've had a good idea that has been developed and maintained through a wide network of (publicly educated) employees who might well be underpaid to the point that they require state assistance. Yeah, I think most people are past that.