Hysterical MSNBC Host's On Air Meltdown
COMMENT:
This video makes a valid point: those who are poor face more risk to their personal safety than do those who are wealthy. So why do we hear so much about business owners bearing risk?
Because the risk business owners bear is risk they bear only if they choose to make investments (start new businesses, build new factories, etc.). They will choose to bear that risk only if they are compensated for doing so.
If government tax policy punishes businesses that are successful this reduces the incentive business have to take risks. And if they choose to not take risks, new businesses aren't started, new factories aren't built, new jobs aren't created, the economy doesn't grow, and the opportunity for those who are poor today to become better off in the future, diminishes.
