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It might do you good to research why in fact most economists believe that, and why most countries’ tax systems reflect that opinion. You will learn a lot about
by xyzzyz 5y ago
It might do you good to research why in fact most economists believe that, and why most countries’ tax systems reflect that opinion. You will learn a lot about role of incentives, value of investment for general welfare, elasticity of labor supply vs investment, substitution effects for investment vs consumption, and all kinds of interesting topics.
Of course, if you’re motivated by punitive instinct, instead of goal of taxing optimally to achieve maximum general welfare (including among low wage earners), you likely won’t find it appealing.
- DarylZero 5y agoEconomists are pretty dumb here. If you allow superwealthy parasites to exist, they become "host-controlling" parasites and abolish democracy and establish plutocracy. Economists don't model that and it makes their models useless.