I enjoyed the post and the ripost in the form of a story. Very helpful. Thanks to you both.
One argument is that the wealthy 10th man is going to stop playing the game if he’s taxed too much. The other argument is that no one will stop playing the game because no one really has a choice, an alternative. I think the truth is somewhere in between, because of widespread tax evasion amongst people who work for themselves. If tax rates are low enough, they declare more of their income. If tax rates are high, they hide more income. They are a politically powerful group, so the tax evasion is widely tolerated.
