Notes and Reflections on Books and Media
by Hannah Leitheiser
#economics #book #capitalism #taxes
Wealth and Poverty: A New Edition for the Twenty-First Century
"If, as in wartime, the public feels that it is being adequately served for its money, work will continue despite tax rates approaching 100% or even, Waynitski points out, exceeding 100%, as in the siege of Stalingrad, when people willingly went without food to hold off the enemy. But if government fails to provide services that the people feel to be valuable, if it palpably unproductive, the public will sense it soon enough and regard their taxes as an absolute loss, to be compensated for by increases in pay....[for example], talking about 'take-home pay.'" - George Gilder, Wealth and Poverty: A New Edition for the Twenty-First Century (2012)
Maybe. I mean, some of considering take-home pay is a budgeting convenience. A respectful human will happily comply with their state, of course, although if there were some higher moral sentiment, it might go something like what Gilder says.