Quote:
Originally Posted by August
If it's not a model to aspire to then it's not really worthy of being used as an example to prove your point Mookie. People only worked those hours because the government would send them to the gulag if they refused.
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Hours worked in this country is not ineleastic due to the threat of gulag, but it's inelastic due to the fact that the majority of us are full time salary workers. I know I am - no matter what the tax rate, I still work the same full time contract rate. I can't adjust my work hours. Again, hours worked are not elastic with respect to marginal tax rates. You either work or you don't.