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Overnight Open Thread

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Guanxi882/19/2010 9:10:59 am PST

re: #771 drcordell

You can keep repeating that all you want, but that doesn’t make it true. There are no “John Galts” in this world. Only an idiot would shut down a business that generates $100 million dollars of profit over a tax bill that climbed from $20 million dollars to $30 million dollars.

Who says there’s a Galt, except for whacky folk?

You really think someone’s going to go through the grief and headache of running a business if the cost of doing business gets too high? At some point, tax-sheltered municipal bonds look a lot more attractive than negotiating with vendors, labor and local and federal regulatory agencies.