COTD: Disincentivized

clipped from www.qando.net Fact 7: Politicians have successfully conflated the meanings of “rich/wealthy” and “high earners”. Thus, they can claim to “tax the rich” while the truly rich are not actually earning; they sock their funds into tax-exempt bonds and use other tax-evasion/reduction strategies. This protects the power of the wealthy and prevents “upstarts” from becoming wealthy/accumulating wealth for themselves and their families. Additionally, the people with the highest wealth building potential who have the most to offer society are disincentivized to create that wealth and improve the general human condition.