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You're making it sound like the work won't pay. It will, just less. Care to quantify "kingdom come"? This argument is effectively: "I will work my arse off i
by leot 16y ago
You're making it sound like the work won't pay. It will, just less. Care to quantify "kingdom come"?
This argument is effectively:
"I will work my arse off if the tax rate is 5%, but not if the tax rate is, say, 45%. It's only worth it if I can become hyper-rich; super-rich just isn't good enough for me."
Where is the evidence that increasing income/wealth taxes from, say, 20% to 40% causes people to work less hard? And where is the evidence that, even if this were true, it outweighs the other economic benefits of wealth redistribution?
- HeyLaughingBoy 16y ago"Kingdom come" is the tax rate at which the risk of entrepreneurship is much greater than the potential after-tax reward. To your other question: whether nor not it outweighs any supposed benefits of wealth redistribution is irrelevant to the individual entrepreneur. Someone willing to work his ass off to start and run a successful venture isn't likely to think "I'll lose the majority of my profits to taxes, but I don't mind because at least it's being redistributed fairly."