OT: US President (US Dom Players only)

[thejeff]

No, I actually mean a top marginal rate of 90%.
Starting with income somewhere north of 10 million, maybe. And marginal rate, so only income above the 10 million is taxed at the highest rate. Lower rates below that until you reach the current max 35%? somewhere around 1/4 million.

Also changing the capital gains rate to a progressive structure, with a large exemption so those living off of retirement savings aren't hurt. It makes no sense to tax those just sitting back watching their money grow less than those working for a living.

I'd really be happy with something in the 70% range.

Again, this didn't destroy our economy last time we tried it. In fact we had the healthiest middle class we've ever had in this country.

Note that this is still far from socialism, more like FDR through Eisenhower & up to JFK. And far more radical than anything that scary socialist Obama is going to try.