A common defence of socialism seems to be that people would still work productively even if the link between individual effort and private reward were weakened, because social benefit, solidarity, democratic control, or non-monetary motivation would matter more.
If that is right, should we also expect very high progressive taxes under capitalism to have only limited disincentive effects?
Put another way: if people would still work hard when surplus is socially owned, why would they not also work hard when a large share of income is taxed and redistributed?