Quote:
Originally Posted by smrtypants44
But you are still making more money? I'm not sure how it makes people want to work less?
|
I agree with you. Saying the harder you work is the more you get taxed is a blue collar mentality. But that mentality is NOT how people like Musk, Bezos, Gates, heck even Trump sees work. I am still incentivized to work harder, even with the top tax bracket at 48%.
Here's the thing, the people in the top marginal bracket, generally aren't remotely close to blue collar. Their money is working for them. They got people working for them. In other words, their income tends to be passive. They're making money as they sleep and breathe. The CEO of my company is this person. He's actively looking for ways to make even more money. I want to be this person.
For the most part, the people in the middle to lower brackets, a day you don't work is a day you don't get paid. And that is still true for me.