I believe this is why the income tax is so popular with economists. Other taxes create some type of negative feedback where raising the tax decreases transactio

I believe this is why the income tax is so popular with economists. Other taxes create some type of negative feedback where raising the tax decreases transactions and shifts capital elsewhere. But with the income tax people have no choice but to keep working and may even have to work more. So the "economy" benefits because more labor/capital can be squeezed out of individuals without slowing anything down.