oh, we had tax rates like this, and it worked realy realy bad. It was very hard for startup and small companies the earn enough equity, it was taxed away. With

oh, we had tax rates like this, and it worked realy realy bad. It was very hard for startup and small companies the earn enough equity, it was taxed away. Without equity it was hard to get outside capital, so the can't grow. At this time Austria had a big state-owned industry, but this sector run into hard troubles. In the 1980s the tax was cut, at state-owned industry won efficiency after privatization. Suddenly a strong medium sized industry could grow. In the 1990s the work productivity grow about 10% per year. By the way for democracy it is necessary that there a no big tax payers. Big tax payers get big political influence. Huge political influence results in protection by laws, and this protections are usually as unfair as hard to detect. And it is nearly impossible to get rid of them. The far better strategy is a wide spread tax and social fairness by social transfers. High profits has to be fight by concurrency and hard executed anti trust laws.