This happens all the time, folks deciding to quit trying to be rich and to go give up and go onto welfare, when they see higher taxes levied on folks making over a quarter a million dollars.
It's a tragedy. Imagine all the millionaires we'd have in the US if this weren't the case. :(
-B.
Andy wrote:
"Yes. Listening to an interview on the radio yesterday, it was clear that it wasn't his [Joe-the-non-Plumber's] current situation he was concerned about, but that he was worried about the tax implications to that which he aspired to. A handy illustration of the dominant mindset."
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