you can make money without exploiting the poor
The real problem is not really tax rates per se. The real problem is the power asymmetry that is invariably results from lassez-faire capitalism. Capitalism depends on competition in order to function properly, otherwise it devolves into fascism. But the problem is there is more than one way for a company to succeed. One way is to provide a superior product at a lower price, but another is to engage in rent seeking behavior like lobbying legislators to pass laws that favor entrenched interests at the expense of potential competitors or using your economic clout to bias binding arbitration proceedings in your favor.
In short, naked capitalism does not distinguish between success that arises from successful competition and success that arises from gaming the system. Angelo Mozilo made $40 million net of SEC fines (and 34 million net of taxes) for bankrupting Countrywide and helping to precipitate the greatest economic catastrophe in three generations. But his dollars buy just as many yachts, private jets, and politicians as someone who made their money by bringing an actually useful product to market.
Source: rondam.blogspot.com
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