Only "normal" progressive income taxes discourage getting pay raises. Flat taxes and reasonable progressive income taxes (as in, the richest pay maybe 2x as much as the poorest that do not qualify for tax exemption for being below a poverty line) do not discourage that.
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Let's see... less spending, more work & more saving... Isn't that a system that would make the economy strong?
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That is a recipe for disaster. Spending is what makes the economy run. If people horde money, workers lose jobs. Store employees lose jobs. Everyone suffers.
[ February 09, 2003, 08:12: Message edited by: Imperator Fyron ]