The political leaders talking like they want to improve economy but everything they do is taking down people can see that they want to add more taxes well it's a high pressiure on people.
Off course goverment knows exacly that higher taxes killing but keep going, perhaps we have reached to the point when something got be sacraficed in this case small company owners or self employers will take the hardest hit but some how some ways big corporations just keep earning and still pay little or no taxes.
It seems like they really want to kill economy perhaps it's time to let air out and pop the bubble to restart everything again from the down point seems like that's what the goverments are doing now.
Most likely it depends on the nation itself, if it's on the top tier economy I do not think that taxes will hurt their population. The problem is that there are countries that in the 3rd world economy and then having this huge taxes that is burden to the economy. Of course there are tax brackets, the higher the salary the higher your tax is. But there are some underground economy that don't pay taxes.
And let us put it this way, maybe the tax that the government are imposing are being put into good use. But then again if we talk about 3rd world economy like in Africa and Asia there is a prevalent of corruption and those tax that the people are paying goes to the pocket of corrupt politicians and taxman.