The left desperately attempts to promote the false narrative that taxing people has no affect on them at all. While even the most basic common sense (not to mention history) dictates otherwise, the left still attempts to push that propaganda on society.
Now, even the CBO (Congressional Budget Office) has come out and confirmed that higher taxes and government programs decrease incentive to work. Which is why left-wing policy (socialism, communism, marxism, fascism, etc.) always ends in collapse, poverty, and misery. The latest evidence of that indisputable reality is Venezuela.
Surprise, surprise: CBO says higher taxes and government programs decrease incentive to work
Now, even the CBO (Congressional Budget Office) has come out and confirmed that higher taxes and government programs decrease incentive to work. Which is why left-wing policy (socialism, communism, marxism, fascism, etc.) always ends in collapse, poverty, and misery. The latest evidence of that indisputable reality is Venezuela.
Well duh. That's just common sense. It continues..."When workers' earnings rise but their after-tax income rises less—because of increases in their income and payroll taxes or declines in their benefits from government programs—their incentive to work typically declines," said Shannon Mok, an analyst for the budget office in the tax analysis division.
Hence the catastrophic failure of left-wing policy - as seen most recently in Venezuela. Left-wing policy decentivizes production and incentivizes society to be idle and unproductive. Which ultimately leads to collapse as there is less and less production of the products and services needed by society."When deciding how much to work, people consider not only the higher earnings from working more hours but also the resulting difference in after-tax income—which is market income plus government transfers minus taxes," Mok says.
"Increases in marginal tax rates, on net, decrease the supply of labor by causing people already in the labor force to work less," she says.
Surprise, surprise: CBO says higher taxes and government programs decrease incentive to work