I keep saying that the tax structure unfairly harms those who invest in school because it targets people who condense their income into short careers.  Doctors, lawyers and other professionals are in this camp. After further consideration I feel that I owe a clarification.  It is not those professionals that are the first to suffer it’s a little different pattern then that.  The people who suffer first are the consumers of those services.  The high taxes force a pass through to doctor’s patients and lawyers clients and students at colleges and other consumers of these professional goods.   The reason is due to supply and demand and due to investment these people with this level of investment must require a certain standard of living which will be judged in take home pay not pre-tax income which means that they will raise their prices as taxes go up and pass that along (not intentionally they don’t often realize that they are doing this it feels much like inflation it just happens you don’t think about it).  Now this then harms people like poor patients, clients, and students as these taxes pass through.  Eventually this leads to decreased demand and IF supply holds going forward… that is assuming that these tax structures don’t chase off future doctors and lawyers and professors before they make such a large investment in the uncertain realm of class warfare through taxes then the eventual damage to them comes in the form of lower demand.  The final result is less access to doctors, lawyers and professors and other professionals to poor Americans and more access to the wealthy.  So my previous statements while accurate in a sense where not complete and now I have elaborated on them.
 


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    Ludwig von Mises: 'Used to the conditions of a capitalistic environment, the average American takes it for granted that every year business makes something new and better accessible to him. Looking backward upon the years of his own life, he realizes that many implements that were totally unknown in the days of his youth and many others which at that time could be enjoyed only by a small minority are now standard equipment of almost every household. He is fully confident that this trend will prevail also in the future. He simply calls it the American way of life and does not give serious thought to the question of what made this continuous improvement in the supply of material goods possible.' - Economic Freedom and Interventionism
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