re: #122 Obdicut
But firms are obviously going to have less money to pay their workers or their investors if the government takes more profits away in tax. They will have a lower demand for workers or capital and because capital is more mobile, they will instead lay off workers because they can’t afford to higher as many. More people will be unemployed, that drives wages down. Basic supply and demand.
From Greg Mankiw

re: #125 Obdicut

From the link to the PDF I posted above.