[Wissmania]

I don't see how someone can credibly argue that raising income tax rates discourages innovation. As if Zuck or Gates wouldn't have started their companies if they only would have made $25 billion instead of $50 billion.

He even argues in earlier writing that most of the innovation comes from genuine passion for solving a problem, rather than profit motive.

People who have worked a lot to increase their wealth understandably don't want a portion of it taken away, even if it probably won't make them less happy, or motivate people less in the future.