Yes, actually, it is possible as in so far that politicians can create whatever laws they can get majority for. But "the way to deal with it" will in many cases

Yes, actually, it is possible as in so far that politicians can create whatever laws they can get majority for. But "the way to deal with it" will in many cases be bankruptcy, just like it would if the taxes were doubled. Also, the effect on society is not to be taken lightly. A general decrease of working hours from 40 to 24 hours per week will decrease national GNP significantly. A hoped for advantage is probably that unemployed can make up some slack by becoming employable (to "share the work"), but if other countries keep a 40 hour work week it will be hard to maintain living standards