Good point. It didn't help your fat cat corporate profits. I'm assuming it actually decreased the total income tax paid, as well, since your marginal rate would have likely been higher than theirs.

Undisciplined

Which overall decreased productivity because they were doing essentially useless work, instead of the extracted money being invested in a newer venture. 

Regulations produced by relatively simple centralized systems tend to have unintended consequences, reducing complexity necessary for developing advanced society.

sancristrader

econ

Income Taxes Don't Disincentivize Work

That's a very interesting note. So, your employees all worked more hours, because you had a high income tax rate. That would not have occurred to me.