Going John Galt? March 3 2009
One of my new favorite reads, Citizen Paine, looks at going John Galt.
Don’t get me wrong here – I am NOT in favor of tax increases, and I do generally believe that higher taxes will discourage the thing being taxed. But in the case of income, when we’re talking about highly successful and motivated people, it just doesn’t make sense for someone to “drop out” and stop working when their business earns $250K due to higher marginal tax rates.
Dammit. I was hoping to take off October through the end of December.
Read it all.
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Comments, compliments or complaints?