| 释义 |
go Galt
go GaltTo reduce, restrict, or cease one's work or productivity as a means of social protest against increased marginal tax rates, limits on tax deductions, or the use of tax income for purposes one finds morally objectionable. Taken from the name John Galt, a character in Ayn Rand's novel Atlas Shrugged. Primarily heard in US, South Africa. Living abroad, I only have to pay U.S. taxes if my income exceeds $95,000 a year, so I'll just go Galt if I ever come close to earning that amount.See also: goGo Galt
Go GaltInformal; to cease working in response to punitive taxes. That is, when taxes become sufficiently high as to disincentivize work, one goes Galt as a form of protest. For example, if taxes are 100% on all income over $90,000, no one has an incentive to earn more than $90,000 and one may therefore work less. Going Galt under a marginal tax system is generally irrational because one's post-tax income is almost always higher than it would have been had one stopped working and gone Galt. The term derives from a major character in Ayn Rand's novel, Atlas Shrugged. |