“Ultimately, it is investors who guarantee other people’s incomes in a market economy, even though the investors’ own incomes are by no means guaranteed. Reducing investors’ incentives to take risks is reducing the jobs their investments are likely to create.”
Great, great article. Every word.
bump
The problem here is that Sowell’s logic is flawed as viewed by the left because they want it all. Paychecks for everybody should come from the government with the paystubs showing no taxes. The govt cut is silently removed. To each according to what the govt gives him/her.