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int_19h | karma 21203 | avg karma 1.69 · 2022-12-22 16:24:46

By the same logic, taxing sweat-of-the-brow income higher than capital gains discourages labor. And, between the two, labor is clearly more important.

ethanbond | karma 13235 | avg karma 3.16 · 2022-12-23 12:00:04

It sure does, which is why we should tax land instead. :) No level of taxation on land value will prevent the land from materializing and being usable.