Re:I wish GPT4 had never happened
by imtringued on Monday April 10, 2023 @03:34AM
(#35510011)
>With either tax, the economic system that consists of you and your employer is being robbed
Except differences in tax rates will have significant impact on what type of income people want to earn. If personal income is taxed lower than capital, then people will want to increase their income through work.
If personal income is taxed higher than capital, people are incentivized to build more machines than the economy needs and this will put people out of work.
Except differences in tax rates will have significant impact on what type of income people want to earn. If personal income is taxed lower than capital, then people will want to increase their income through work.
If personal income is taxed higher than capital, people are incentivized to build more machines than the economy needs and this will put people out of work.