2 ms·
Yes, with income tax rates approaching 50% around a great deal of the world, I do think that income tax demotes the idea of working hard for a viable living, an
by fit2rule 13y ago
Yes, with income tax rates approaching 50% around a great deal of the world, I do think that income tax demotes the idea of working hard for a viable living, and income tax in general suppresses productivity.
Why bother working hard if half of it goes to the State?
The same mechanic that you say is at play with Sales Tax - i.e. you have to spend more to get more - is also at play with EARNING. Why bother working to earn more - or, indeed, at all - if you are required to share the fruits of your labor with strangers?
Sales Tax improves this by making the choice where to spend your taxes available to the individual.
- jcalvinowens 13y ago> I do think that income tax demotes the idea of working hard for a viable living, and income tax in general suppresses productivity. I hate to break it to you, but this is just entitled libertarian whining: the majority of the workforce does not see it this way.
- fit2rule 13y agoSorry to break it to you, but you're not looking at a big enough dataset. "Entitled libertarian whining"? Please, spare me your stupid insult. Fact: unemployment rates go down when income tax rates go down.