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31 sats \ 3 replies \ @didiplaywell 12 Sep \ parent \ on: Income Taxes Don't Disincentivize Work econ
I understand but again, be mindful that that haves a practical limit, it's not an unconstrained lineal tendency: the most you can humanly do is to increment your working schedule to be from monday to monday 12hs per day. Any increment beyond that will literally kill you, so taxes beyond that will progressively precarize the worker. By that point you are clearly living in North Korea so let's do as you said: let's fix things, so you are living in the USA, you have a minimum standard, so most you will do is to work up to 60hs a week in extreme cases. You will not work more than that so tax increments will start just eating your standard by that point, without you being able to work any more to compensate that. By that point working so much is meaningless so you start working less because you are not making it anyways, and that's what happens in real life.
It doesn't haves to. You don't need explicit taxes when you have implicit taxes, AKA the infinite money machine. Explicit tax increments are not a way for the government to get financed but a way to coerce and control the population. The explicit tax is a laughable fraction of what the government amasses from emission and future emission AKA debt, which is what goes into maintaining the massive bureaucracy and high neo-feudal elite.
All of that is correct, or near enough that there's no reason to quibble over it.
Again, though, the point of comparative statics is to think through what effects a particular change will have on a particular factor. This means we are starting from the current situation and modifying it in some marginal way. America is nowhere near the cases you're describing.
The purpose of this post was to point out that people aren't carefully thinking through their rhetoric on income taxes and they're saying contradictory things, and then explain what's going on economically.
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I understood your point from the beginning, my argument was that its a too much restricted and short-lived stance so that it's not meaningful enough to relativize things or put the affirmation of "taxes disincentivize work" to test.
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Ok, I remain unconvinced of that, while granting that you raised interesting points.
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