A brave man decides to risk his life’s savings, to invest in a new business. He works tirelessly, exercising his intellect, skill, diligence and creativity. He produces new innovative products and services. He employs first one, then more people, some previously unemployed. He trains and up-skills them until they can perform a wide range of useful and marketable functions. He nurtures his enterprise and develops more cost-effective means of production. This affords his patrons access to sorely needed or desired commodities at the lowest possible prices. Eventually after a gargantuan effort, the business begins to make a profit and to provide a much deserved return.
And then, our wealth creator is approached by a bureaucrat who demands that he give away a considerable portion of his profit or face being fined or jailed. The wealth creator has harmed no-one. To the contrary, he is making an invaluable contribution to the economy and has enhanced the lives of the people he employs. Yet he finds himself vilified and at the whim of the bureaucrat. Any non-cooperation could literally lead to the loss of his business and imprisonment.
This is legalised theft.
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