I recently spent some time with a British friend of mine who is a bit of an entrepreneur. He owns a construction company in the West English countryside. Britain, you see, has an effective tax rate of a little over 65% on high earners. He and his partner are at the highest marginal tax rate right now. They had identified a great niche... asphalt and cement... in their area... an area where it is difficult to come by... existing suppliers an hour or more away not counting heavy morning roadway congestion. They worked on how to do it, found a plot of land where they could stage the business, and were ready to go when they strated talking about their new venture over beers at the local pub.