It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
"Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911
Obviously, those few % points have little to do with it and our economy is doing better than theirs, so maybe they should raise their rates.
California used to have one of the best economies in the states....what happened?
Why are companies moving out of that state and into friendlier tax states?
Do you suppose that our tax policies as a nation are doing the same basic thing?
Think on it......
“Most of the shadows of this life are caused by standing in one's own sunshine.”
Ralph Waldo Emerson
Is 40% too much, I do not know. But when looking at the norms it does seem high. that is the end of my expertise.
Early voting in Georgia. On the 20th of October this old Goldwater conservative voted against both Donald Trump and Hillary Clinton by casting my vote for Gary Johnson. Neither Trump or Clinton belong within a million miles of the Oval Office.