3 ms·
I guess that's why people won't work harder to earn higher wages to avoid additional tax, wait, they do!
by catmanjan 6y ago
I guess that's why people won't work harder to earn higher wages to avoid additional tax, wait, they do!
- gruez 6y agoThe point is that when investors are faced with the choice between investing in a incumbent (ie. "safe" company with limited growth potential) and challenger (high risk companies with high growth potential), such a tax would heavily favor incumbents because incumbents wouldn't be subject to the tax but the challenger would.