incentives

Reader comment on: Kristof, Taxes and Billionaires

Submitted by Jonathan N (United States), Jul 7, 2011 12:01

The incentive argument is a canard. Does anyone seriously think John Paulson is going to retire just because he has to pay a higher tax rate? While 85% of $4.5 billion is nice, 65% of $4.5 billion isn't chicken feed.

Besides, if an entrepreneur has a specific net income target, he's going to work harder if the tax rate is higher. 35% makes a lot more sense on the Laffer Curve than 15%.

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Other reader comments on this item

Title By Date
Carried interest issues [319 words]G. ThompsonJul 8, 2011 14:10
Poor logic [152 words]JohnJul 7, 2011 22:48
Easy logic
[w/response] [87 words]		AndyJul 7, 2011 14:44
Another loophole to close. [90 words]LyleJul 7, 2011 14:17
absurd [202 words]TeoJul 7, 2011 13:34
⇒ incentives [73 words]Jonathan NJul 7, 2011 12:01

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