Pretty soon everyone who has income gets fitted with meters to tax every breath. How about we tax the “earned income credit, a euphonism for federal welfare, local welfare, food stamps, rent supports, grants, subsidies and other forms of largess too?
Personal instance, I thought about going back into the workforce (I am living comfortably on investment and pension now). When I figure the taxes at our marginal level plus commuting and other work related expenses, I would be working for about 30% net of whatever amount I earned...I value my free time more than that.
It galls me to no end seeing a number of younger people who have no interest in being as successful as I was at accumulating things during my working years through hard work and denial. These are the same individuals who vote for crumbs like Ozero because they see him as their path to others assets. Frankly, I would burn my wealth rather than give it to some parasite.