Does working hard really make you a good person?

[Businessman]

You are saying that if tax rates were zero, you wouldn't work hard for an extra 5k.

No you are working hard for keep 100% of whatever you earn vs only 50%. It is even worse than that because they start to remove other tax allowances, so in some case they take 60% and sometimes even 70%. These eye watering rates are only on middle earners, not even the tax on the highest pay bands, which are less.

It is called the Laffer curve, it peaks around 40 to 50%, after that people start to work less, and obviously at 100% tax no one would work at all.

 

[Sekiyo]

A good person means nothing.
Multiple type of Good, attributes and context.

I’d define it as game theory …
Negative, Zero or Positive sum game.

A good person gives more or equal than he takes.
A hero sacrifices himself for the greater good.
Value is in the eye of the beholder.

Sometimes your intentions are good but the outcome is bad.
Sometimes you give everything but some might tell it’s not enough.
Sometimes only god knows your true worth because humans are fallible.

A good person recognizes what you give at his correct value and give back, at least, the same amount.

Les bons comptes font les bons amis.

 

[newwurldmn]

No you are working hard for keep 100% of whatever you earn vs only 50%. It is even worse than that because they start to remove other tax allowances, so in some case they take 60% and sometimes even 70%. These eye watering rates are only on middle earners, not even the tax on the highest pay bands, which are less.

It is called the Laffer curve, it peaks around 40 to 50%, after that people start to work less, and obviously at 100% tax no one would work at all.

So you would work equally hard to earn 5k and pay no taxes than to earn 10k and pay 50% taxes?

 

[PrestonRiver]

I think the answer is no.
I know people who are studying and working on Forex for years and they still do not know themselves a good person (they are not satisfied) and also others think they are not good and logical people cause they are spending all their time on sth that isn't helpful to them!
So at lease, in forex the answer is no!

 

[Sekiyo]

I think the answer is no.
I know people who are studying and working on Forex for years and they still do not know themselves a good person (they are not satisfied) and also others think they are not good and logical people cause they are spending all their time on sth that isn't helpful to them!
So at lease, in forex the answer is no!

We all know them

 

[Handle123]

It depends, if you doing what you enjoy, work is fun. But if you working at miserable job, it will tear you down and become like the devil.

 

[2rosy]

What does working hard mean? Agree with working smart and taking advantage of opportunities. Maybe doing seminars on working hard is an opportunity to take advantage of.

 

[mikeriley]

Great post Businessman.

It is called the Laffer curve, it peaks around 40 to 50%, after that people start to work less, and obviously at 100% tax no one would work at all.

And yet, there are many politicians on the left that have actually
proposed such an onerous proposition to tax us all at 100%!

I'd send them all a free copy of Thomas Sowell's basic and advanced economics
books if I thought they'd read and implement it. I will never understand how
they think and reason, and neither do I even want to.

 

[TheDawn]

Working hard makes you a responsible person with self worth, ethics, and some morals opposed to soneone who is lazy and blames their problems on anything except their Laziness.

Serial killers and drug dealers are very hard-working and they sure blame themselves for their problems.

 

[Good1]

Good is better discussed in religion and philosophy but as a rule of thumb it's good that as many as possible maintain, in a free market, their own need to consume food shelter and clothing fairly, without taking from others through force or fraud. How hard this is can often be correlated with education and attitude. Probably the attitude most associated with good is the attitude that oneself is not a victim. Even so, the world we experience is not exactly fair. There are always easier ways to make money (maintain ones own needs) given attitude adjustments and education. And there continues to be self-sabotage, mankind's biggest problem. Recently, for example, an old associate of mine emailed to let me know he is busy in the business of remodeling even though he is in his 70's. I basically told him I would tell him how to trade if he wanted. But it was more important for him to be seen as able and willing to work hard, oh, and to lecture me on how Bitcoin is a tool of Klause Schwab for world domination, even though I explicitly told him BTC is not a necessary component to trading profitability. Years ago I saw his attitude as self-sabotage, that he did not love himself enough to take better care of his body, and saw that his attitude about his self could harm me, so I ditched his association. There is this thing called ableism, a kind of narcissism. So yah, I respect that he is totally self supporting into old age. But like most things in this world, it's relative. This world offers stupid prizes for stupid games. What is more stupid than trading? But that is what a stupid world rewards. More than one of my old associates have judged me negatively for studying trading and believing it is possible. As if I should continue working hard into old age where injury is more probably. I have dissociated with all of them as if they were enemies of my soul.