The Issue Is Always The Same: The

Under Capitalism Everybody Is The Architect Of His Own Fortune.

There Is No Reason Why Capitalists And Entrepreneurs Should Be Ashamed Of Earning Profits.

Everyone Carries A Part Of Society On His Shoulders; No One Is Relieved Of His Share Of Responsibility By Others. And No One Can Find A Safe Way Out For Himself If Society Is Sweeping Toward Destruction. Therefore, Everyone, In His Own Interests, Must Thrust Himself Vigorously Into The Intellectual Battle. None Can Stand Aside With Unconcern; The Interest Of Everyone Hangs On The Result. Whether He Chooses Or Not, Every Man Is Drawn Into The Great Historical Struggle, The Decisive Battle Into Which Our Epoch Has Plunged Us.

It Is Not Enough For [the Investor] To Know All The Factors That Can Possibly Contribute To The Determination Of A Future Event. In Order To Anticipate Correctly They Must Also Anticipate Correctly The Quantity As It Were Of Each Factor's Contribution And The Instant At Which Its Contribution Will Become Effective.

Every Specific Tax, As Well As The Nation's Whole Tax System, Becomes Self-defeating Above A Certain Height Of The Rates.