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some observers have proposed higher income and wealth taxes on the wealthy. Given that one's wealth generally depends primarily on how much output one produces,

some observers have proposed higher income and wealth taxes on the wealthy. Given that one's wealth generally depends primarily on how much output one produces, how do these taxes affect are given out to the poor. How does this affect their incentives? Overall, What do you predict will happen to the total income and wealth of society as a result of higher taxes such as these?

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