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48 sats \ 1 reply \ @denlillaapan OP 16h \ parent \ on: Sin Taxes: For European Welfare and Nannyism (The Economist, Charlemagne) econ
No, income taxes are for parasitic revenue. Really don't think anyone goes, "mmm, yes let's tax income so people earn less/work less"
Income taxes are also the exception to the rule theoretically.
Because people have a time constraint, there's an inherent tradeoff between labor time and leisure time.
Taxes reduce people's budgets, which usually reduces consumption of goods. So, if leisure is a normal good, then income taxes will actually increase hours worked.
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