“On the downside, taxing business income tends to weigh on the economy. It does so by reducing the incentive to accumulate capital and start new businesses or expand existing ones. That, in turn, lowers national income.”
What the absolute fucking hell what what what!? What kind of insanity is that??
“Taxes are too high so I don’t want to try to earn more money. I’ll settle with less money.” Said literally no capitalist ever.
“On the downside, taxing business income tends to weigh on the economy. It does so by reducing the incentive to accumulate capital and start new businesses or expand existing ones. That, in turn, lowers national income.”
What the absolute fucking hell what what what!? What kind of insanity is that??
“Taxes are too high so I don’t want to try to earn more money. I’ll settle with less money.” Said literally no capitalist ever.
It’s trickle-down with fancier words.