All this, and payment too

Complaints about taxes are no doubt as old as taxes themselves. But recently, in countries where marginal tax rates are high (and transfer payments to the less-well-paid are also high), something more troublesome than complaints has begun to surface: the pipeline that draws managerial talent upward toward the top of organizations has begun to dry up. At least that is what managers have begun to complain of in such countries. They point out that there may be virtually no financial incentive to accept a more responsible, and therefore a more stressful and time-consuming, job. Indeed, the economics of promotion can actually be negative. For example if promotion requires relocation to an area of higher housing costs, the manager who accepts a higher-level job may literally have to pay for his promotion out of his own pocket. The proof of it is that hitherto unheard-of refusals to accept promotions are now becoming known.