How does taxing the wealthy help your income unless government confiscates all money for redistribution? You people need to move to Cuba or North Korea where that system is already in place. Here's something you can never choke down, it's called logic: Nobody would open or operate a business if government took most of their money....nobody.
Funny thing. You know what the top marginal rate was in 1953 when Ike was President? It was 93% on incomes over 400K. Our businesses did just fine. CEO's lived comfortable suburban lifestyles.
The thing about Cuba or North Korea is you act like they just sprung into being the day Communism was declared..
Um, no. Korea was a colony of Japan for a half century before independence, and the Japanese pretty much looted the place of all the resources... Cuba was a place were the people lived in abject poverty and the country was run by Corporations and Gangsters (But I repeat myself.)
They were poor miserable placed to live long before the Commies ever got there.
Oh, making the rich pay their fair share... Not actually communism. We did it under Ike, and we were just fine.
Except for the fact that nobody ever paid that tax rate. If government is taking 90% of everything you make then it's simply not worth having a business.
Companies and owners stayed here because in the 50's, workers were much closer in pay scales to the rest of the world. We didn't have weather radar and overseas travel was expensive and risky. Even communication was antiquated and expensive. There was no advantage to leaving.
In the 70's unions began to get greedy, and companies began leaving the US. When Reagan realized the problem, he lowered taxes on companies to help keep them here. Reagan knew that government and unions were chasing the rich and their companies right out of the country.
Today with our advanced communications and travel, a company owner can run his business from his cell phone sitting on the toilet. He can keep track of inventory, orders, personal stocks, and supervisors all over the world. Meeting are done on the internet instead of in person.