re: #151 Obdicut

Why on earth have you decided we’re on the hump of the Laffer curve?

What I said was that IF we roughly double the marginal tax rate for the rich, which is what you’d have to do to balance the current deficit via tax increases on the top 2 percent, THEN we’d be at the hump of the Laffer curve, or near it, (or beyond it).

Tax rates now run around 30-40% for that tier. Pushing them to 70-80% is what would be needed to sustain currrent spending, balance the budget, and not raise others’ taxes.

Why on earth do YOU think that THAT is feasible?

Did we ever in the past have two percent of the population ponying up 70% of their last dollar of earnings?