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by yummyfajitas 5226 days ago
Has anyone at any wealth level ever simply stopped making money because he was upset about taxes?

Yes, it happened to Ronald Reagan. When the top tax rate was 90% (he was an actor at the time), he chose to make only two movies/year. He saw little point in making more movies since he wouldn't get paid for it.

http://toomuchonline.org/the-tax-that-turned-ronald-reagan-r...

1 comments

Well, fewer Reagan movies. How is this a BAD thing? He was a bad actor, and a worse president.

Meanwhile, a true artist, would make movies no matter what the top tax rate was, because he had the urge to. Artists have worked for nothing for ages, in order to create.