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Reply to "Harris tax plan - raising taxes on high earners"
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[quote=Anonymous]Can those of you that believe increasing taxes on the wealthy will harm worker productivity or economic growth post historical evidence supporting that claim? Not model where we cannot evaluate inputs, but analysis of historical data that supports the idea that lower tax on the rich help the economy and higher taxes hurt it? “ Relatedly, they also show little support for the influential political–economic idea that tax cuts for the rich ‘trickle down’ to boost wider economic performance (Sowell, 2012). They are, in fact, more in line with recent empirical research showing that income tax holidays, windfall gains and tax cuts targeted at the top decile of the income distribution do not lead individuals to significantly alter the amount they work (Akee et al., 2010; Jones and Marinescu, 2018; Martínez et al., 2021; Zidar, 2019).” https://academic.oup.com/ser/article/20/2/539/6500315?login=false [/quote]
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