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This argument against progressive taxation

edited 2012-04-13 13:01:19 in Politics

It's so phenomenally stupid, and yet it still manages to pop up frequently: The claim that forcing the rich to pay more taxes deincentivizes work. For one thing, you're still making more money overall unless you're really close to the margin, but the window in which you'd be losing money is very small anyway. For another thing, at that point, you've already got way more money than you need to live a comfortable lifestyle, let alone survive. Why the heck does it matter then that taxes lead to a lower increase in net income proportional to salary?


And yet so many people end up buying this kind of rich people bullshit. Rugged individualism sure is a powerful myth.

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