58 sats \ 1 reply \ @sancristrader 12 Sep \ parent \ on: Income Taxes Don't Disincentivize Work econ
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.
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.
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