Generate text that refutes this claim: A well-implemented progressive taxation scheme serve to promote economic growth  Progressive taxation can serve very effectively to increase the economic welfare and development of societies. It does so in three ways. First, it lifts the poor out of poverty by redistributing the tax burden from them onto the wealthy who are more able to pay, and gives them more disposable income to put back into the economy, which increases the velocity of money in the system, increasing growth. [1] Second, workers will be more likely to work harder since they will feel the system is more equitable; perceptions of fairness are very important to individuals. People will still work and save since they will want the goods and services they always did in the presence of progressive taxation, and will thus not be less motivated as detractors of progressive systems suggest. Third, progressive taxes serve as an automatic stabilizer in the event of recessions and temporary downturns in the market, in the sense that a loss of wages due to unemployment or wage cuts places an individual in a lower tax bracket, dampening the blow of the initial income loss. The American economy is a perfect example of how progressive taxation promotes broader economic growth; data shows that average yearly growth has been lessened since the 1950s after the reduction in progressively in the tax system. In the 1950s annual growth was 4.1%, while in the 1980s, when progressively in taxes fell dramatically, growth was only 3%. [2] Clearly, a progressive tax regime is best for workers and the economy generally.  [1] Boxx, T. William and Gary Quinlivan. The Cultural Context of Economics and Politics. Lanham: University Press of America. 1994.  [2] Batra, Ravi. The Great American Deception: What Politicians Won’t Tell You About Our Economy and Your Future. New York: John Wiley and Sons. 1996.
tax house supports progressive tax rate
Progressive taxation does not improve economic growth. This is because, when the rich are heavily taxed, they have less likely to invest in new enterprises. Higher taxes serve as a disincentive to investment, both domestic and foreign. As to economic growth in the United States, statistics can also be misleading. The high growth of the 1950s was due to the fact that the United States was essentially the only industrial power whose infrastructure was not devastated by World War II. A better data set can be seen between the stagflation of the 1970s with its high taxes, and the relative increase in economic growth that followed with the tax cuts of the 1980s. Soaking the rich only serves to reduce the economic success of a country.