If the government is taxing a significant majority of your income you'll still be rich. Allow me to reframe the question, why bother starting a business where you'll only earn three million dollars a year? One good reason is because you want to take home three million dollars, even if it was theoretically 25 before taxes. Even if every slacker in the world gets a $20k stipend, there's plenty of incentive to solve problems and make money.
If the government is taxing a significant majority of your income you'll still be rich. Allow me to reframe the question, why bother starting a business where you'll only earn three million dollars a year? One good reason is because you want to take home three million dollars, even if it was theoretically 25 before taxes. Even if every slacker in the world gets a $20k stipend, there's plenty of incentive to solve problems and make money.