Keep an eye on Mac1958. He'll trot this out every chance he gets and never admit that he is taking it out of context, much like the you didn't build that nonsense. All the while pretending he is non-partisan.
I'd like to add two new marginal tax tiers, 44.9% and 49.9%. Across the board. Oops!
Did you think you "had" me there? Wanna try again?
My politics are clearly too complicated for run-of-the-mill hardcore partisan ideologues like you. I'm used to it, I know how you people are.
And your fixation on me is getting a little creepy.
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Why do you think punishing success is a good strategy?
Any income tax rate could be called "punishing success".
The key is finding an equilibrium, and I believe (as do many of my peers in the financial profession) that two new, marginally higher tax tiers on the top earners would not retard growth to a significant degree. It would almost certainly, in fact, incentivize more tax-advantaged investment.
These increases, of course, are separate from an expectation that spending does not increase as a percentage of GDP, and that real attempts at increasing efficiencies must continue. As always.
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