America was doing just fine when the the marginal rate was 70% and higher. In fact it was during the biggest expansion of the middle class the world has ever seen.

I love how under capitalism the workers are held hostage by capital. Any move against them they threaten to "tank the economy". I say tank it, then nationalize all essential products and services. When people aren't in fear of going hungry or can't afford medicine, and are not longer hostages of capital, then and only then can the true potential of the people be realized.



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"Hey, where's Cricket?" - Kristi Noem's daughter.

Virtually no one was paying 70% or 90% back in the bad, old days. The effective tax rates of those earning $ 1,000,000/yr or up was in the 40%-45% range. Had a lot of loopholes back then. They were done away with in 1986. And, if enacted today, virtually no one would be paying 70% or more. So, a tax rate like that would do wonders for tax attorneys and accountants, but no one else. And you might remember that France's socialist, Francois Hollande, raised the top rates there to 75%. That was a disaster and he had to cut the rate back to 45%. The same would happen here too. So, you socialists should give it up. That kind of thing has failed every time it has been tried. And it will again. But progs don't do history, do they?

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I :heart; Q