IMO, i would much rather our economy be centered on high tech goods and services as opposed to encouraging skill stagnation (that hinders our long term competitive advantage).
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
I'd also have to ignore that we were pretty much the only nation left standing with an intact national infrastructure and economy, after WW2 and that is largely why we retained the economic power over the globe.
Fast forward to now, where there are multiple nations competing with from all over the globe.
Wanting for yesterday won't change the facts that the rest of the world has grown to meet us on the economic competitors table.
Those obscene tax rates would definitely cause significant capital flight, because there are a multitude of nations willing to house that money at much, much lower rates.
I was discovering that life just simply isn't fair and bask in the unsung glory of knowing that each obstacle overcome along the way only adds to the satisfaction in the end. Nothing great, after all, was ever accomplished by anyone sulking in his or her misery.
There are two novels that can change a bookish fourteen-year old's life: The Lord of the Rings and Atlas Shrugged. One is a childish fantasy that often engenders a lifelong obsession with its unbelievable heroes, leading to an emotionally stunted, socially crippled adulthood, unable to deal with the real world. The other, of course, involves orcs.... John Rogers
I get the same benefits from SS as you do. WTF should I pay more? Again, you labor under the assumption that FROM EACH ACCORDING TO THEIR ABILITY IS THE ONLY valid basis for tax rates.
I reject that and you seem to believe all taxes should be progressive because that benefits your political masters