I'm swamped with school right now, engineering midterms... but it reminds me of why I'm working so hard in school. Engineers do a very difficult job and hold millions of lives in their hands and therefore have to sacrifice quite a bit to learn the trade. Would there be as many engineers if our government taxed away a much higher proportion of our income for redistribution? Why would I work so hard in school to learn a trade that is difficult and filled with liability to pay for a welfare state? Why would doctors risk even more and work even harder for longer to practice medicine in a socialized healthcare state? Where would the extra incentive to be the best in your field come from? Don't we want our engineers and doctors and professionals of all sorts have incentives to continue their education and become the best and most innovative in their fields? Isn't that where progress comes from?
Meanwhile, my favorite source for new economic developments.
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