taxing wealth instead of work is also an economically sound decision if you want to boost productivity and your economy’s revenue.
As a general rule, when taxes on products are lower, that means these products cost less to the consumer, so consumers buy more of it [rule of supply and demand, also speaks about the connection between price and traded quantity]. So there’s more revenue and more products sold, which boosts production.
by the way, i’m curious, what does “reactionary” even mean?
is it re-action in the sense of acting again? is it reaction in the sense of responding to somebody else’s actions?