Do high taxes will disincentivize high income earners? There are examples that serve both arguments. At times, high tax rates were decreased and that increased tax revenue and there are other examples of increasing tax rates and that also increases tax revenue so it is a difficult problem to assess. Are tax-free municipal bonds a reasonable alternative? What are the unintended consequences of a high tax rate? Where will investors put their money in order to avoid high taxes? Are entrepreneurs motivated by the money or by the challenge of the business and the money is an indicator of that success?
Link to the YouTube video.
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