In the following link is a video of a business man who tells a progressive reporter that he spends $200,000 on food.
If he spends 200k on food is that bad? Yes, but no. I know he is not raising his own food, that means he is spending it and its being put out in the economy. someone is working to receive his money. The question is would you rather he be spending that money paying a bureaucrat and giving a handout to someone or putting it in the economy?
Its easy to vilify a guy like this, but people of this kind of wealth can leave. They can take their capital to another country. If we make it very difficult on people they will. Freezing up the system by taxing is not a way to incentivize the economy. That was part of the reason for the great depression. Raising taxes, eating the rich, is not the way to prosperity. Freedom of capital is.
Freedom is always a better choice.
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