Wealth Inequality Simply Explained

It doesn't get much simpler than this. The problem with the left is that it mistakes "hours worked" for "hard work". It's not the same. You will see them say/write that a company needs to pay a "living wage" because if you work 40 hours a week saying "Hi how may I help you" you should be able to make $40-$50k.

It is similar to an argument I heard about the recent tax bill. Apparently we're supposed to be upset that business owners get tax deductions that employees do not get. Really.

Now I used to think that way until I started a business, in part to get the tax benefits. The one thing that many/most employees do not get about being a business owner is that the business owner gets paid last. The business owner has no guaranteed paycheck at the end of the week. If business sucks this week, the business owner doesn't get paid. But that person he hired to ring up the customers? They get their check, even if the business owner has to go to the bank and put up his last possession as collateral for a loan to make payroll.

Being an employee is low risk. Why shouldn't the person(s) who take the great personal risk not get a benefit for doing so? That said, I am of the strong belief that if one's business profitability is dependent upon the taxes [not] paid, then that business is in serious trouble. The IRS thinks so too because if you're running a loss year after year, they're going to be looking at you.