When individuals face excessive taxation and the reduction of financial rewards for their labor, it creates a disincentive to work. This is because the motivation to put in effort and strive for success diminishes. High tax rates and the reduction of subsidies can lead to a decrease in the overall desire to work and achieve personal goals. When income is heavily taxed, individuals may feel less inclined to work hard and take risks, as they perceive that their efforts will not be adequately rewarded. This can result in a slowdown in economic growth and productivity, negatively impacting the overall welfare of society. We must carefully balance taxation policies to ensure a fair and sustainable system that encourages individuals to work towards their aspirations.