The myth of disincentives from taxation: from a horses mouth

The only ‘justification’ that I have ever seen for the myth that higher taxation for richer people disincentivises wealth creation comes from the mathematics of the traditional economic model – which as we all know is based on entirely false assumptions about human behaviour.

To my knowledge there is no formalised empirical or social research evidence that supports the hypothesis.

It’s nice to see the balance being redressed a little http://www.bbc.co.uk/news/business-14533987. Perhaps this will prompt someone to contradict me, and Mr Buffet, with proper evidence rather than more hypothesis.

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About stuartastill

Consultant: interested in analysis that impacts politics i.e. everything! Can do difficult equations - but avoids when working with humans
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