“There is nobody in this country who got rich on his own,” Senate candidate Elizabeth Warren says in the clip below, “Nobody.”
She points out that entrepreneurs and business owners rely on a vast array of public services and that part of the American social contract is to give back to the society that has provided an environment in which everyone can safety and freely pursue business success.
You loose in the marketplace, you pay no tax and can even offset personal gains with other business losses. You win big, you pay big. It's called a progressive tax system and has been a part of the American landscape since 1913. Warren Buffet, Bill Gates and other billionaires understand this principle... the "minimize all taxes" crowd does not.
She points out that entrepreneurs and business owners rely on a vast array of public services and that part of the American social contract is to give back to the society that has provided an environment in which everyone can safety and freely pursue business success.
You loose in the marketplace, you pay no tax and can even offset personal gains with other business losses. You win big, you pay big. It's called a progressive tax system and has been a part of the American landscape since 1913. Warren Buffet, Bill Gates and other billionaires understand this principle... the "minimize all taxes" crowd does not.
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