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If you make realizing profit a disincentive then you prevent wealth that could be invested elsewhere. In short, it has a stagnating effect.Make it bad enough and the investor can take yake their wealth elsewhere as happened to England.Regarding the Laffer Curve, consider this from Laffer himself
If you make realizing profit a disincentive then you prevent wealth that could be invested elsewhere. In short, it has a stagnating effect.
Make it bad enough and the investor can take yake their wealth elsewhere as happened to England.
Regarding the Laffer Curve, consider this from Laffer himself
