A recent paper Taxation and the Allocation of Talent, Benjamin Lockwood, Charles Nathanson, and Glen Weyl challenges the premise -- at the core of Washingtons economic-policy debate -- that raising taxes on the rich will hurt the economy by discouraging super-talented, super-productive rich people from working as hard ... Higher tax rates, they argue, could push talented individuals to eschew lucrative-but-socially-useless jobs in favor of more broadly beneficial careers in teaching and research.
Posted on: Sun, 20 Apr 2014 20:50:39 +0000
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