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32 pages
ISBN 0-945999-44-5
© 1996

Wealth Creation as a “Sin”

by Jonathan R. Macey

Professor Macey argues that taxes on executive compensation were not enacted to serve legitimate financial goals or curb real abuses, but instead to appease those who have denounced such compensation as "inherently wrong." In this innovative study, Professor Macey demonstrates that the real impact of such punitive taxes is to reduce competitiveness and harm employees and consumers.