Quote:
Originally Posted by peter12
I never fancied myself as intelligent. What I was getting at is what is the incentive for moving into a higher bracket. Obviously millionaires weren't reduced to paupers, but they were disincentivized from making more money - ie. taking risks with their fortune which is actually good for the economy and workers, generally.
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It's a good thing they aren't disincentivized to pay taxes now, or else there would be so much money squirreled away in off-shore accounts we would find ourselves in a tax crisis!