Unintended consequences
Cry Wolf Quotes
Confiscation of private wealth does not make the public or even its agent, the government, rich. It does not create equality of wealth, but an equality of poverty.
Where we are headed for, you are not going to see those cool, little local restaurants. You are going to see a bunch of corporate restaurants, and the rest of the city is going to look like the restaurant dynamic on Fisherman’s Wharf.
The bottom line remains that employers will have little motivation to hire low-skilled workers—those whose inexperience and lack of productivity does not warrant a wage meeting or exceeding the proposed living wage amount. These workers, who most desperately need experience, will be the ones left most vulnerable. Instead of being able to establish a foothold in the job market, they will have to rely on other means to provide for themselves—most often state-assisted.
[The estate tax] represents a real tax on capital, and such a tax is necessarily unsound and unscientific because it tends to defeat itself as a revenue producer.
