Jonatan .Pi, on your point on increase in taxes: the place where we live (California ) is one of the most sprgresoive states in the country. With the highest sales tax (8.5%) and high income taxes (9.5%) for families making more than 100K, you would think we would have great social programs and a comfortable life in CA.Rather, the state, as always, is so close to bankruptcy that is it is desperate for federal grants to bail it out at this point. That makes me wonder whether the government can ever be competent enough to spend our money wisely long term.Continuing on taxes, add a higher federal tax bracket on top of it and the other long list of taxes for the self employed/enterpreneurs (15% payroll tax, medicare tax etc.), how much is left in our pockets at the end of the day to work hard for an extra buck ? This is where I think a few of the activist policies are misguided.On the risk of being pedantic here: Do remember that capital moves freely across borders. If U.S. changes its tax policies and labor policies to reduce an investor's rate of return, capital will just move to other countries Ultimately, you want private capital to create jobs, not the heavily indebted federal or state governments.
