going Galt

Definition

Expression for undergoing a voluntary financial strike or decrease in income. An individual might choose to do this in order to protest the amount of money going to the government, or to protest what they feel are unfair taxes (if they earn less, they will be taxed less, therefore hurting the government). The term is taken from a character in Ayn Rand's novel "Atlas Shrugged"; the main character John Galt leads a movement where the wealthiest individuals leave their jobs for low-paying jobs in order to protest the socialist economy.

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going concern going in capitalization rate