Supporters of pure capitalism sometimes point out that people are seldom as rich and successful in a socialist state. The argument is that socialism blunts capitalist drive by punishing success with higher taxes.
However, top bracket taxes in socialist countries are often comparable to the U.S. The limiting factor is that the people on the bottom are not as inclined to be ground into the dust raising up a captain of industry.
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Date: 2009-05-07 01:04 am (UTC)However, top bracket taxes in socialist countries are often comparable to the U.S. The limiting factor is that the people on the bottom are not as inclined to be ground into the dust raising up a captain of industry.