Founder and CEO of First American State Bank Jay Davidson discusses The Road to Serfdom by Friedrich Hayek. The Road to Serfdom masterfully outlines some of the founding ideas of capitalism, especially regarding why the ideas of ownership & property rights are so critical to capitalism. The quality of life we enjoy today is all thanks to capitalism. Marx supported a “progressive” income tax that would tax the rich more, but this is progressive by name only. Capitalism advocates for a flat tax where everyone pays their fair share.
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