ManusJustus on 10 November 2010
Think of this example.
A wealthy business owner hires 1000 people to produce widgets. 1000 is the optimum number of employees needed to maximinze profits, and the business owner takes those profits and puts them in his profit. Lets say that he makes 20% profits from his business.
Then Socialist Obama decides to tax him 50% of his earnings. Now the businessman makes half as much money, but the optimum number of employees needed to maximize profits stays the same, so his raise in individual taxes has no effect on how many individuals he employees.
