@43. DavidN:
The question is this: what’s the proper amount of taxes for someone who makes $10 million a year? 100% after the first million or $500,000? My guess would be most Democrats, especially the poor ones, would think that appropriate.
Actually, I’d be happy with something between 39%-78% as a top bracket. That seems to be the historically successful range for promoting economic prosperity. If evidence can demonstrate that some other figure works better, I’m willing to reconsider, but history speaks authoritatively. My pet peeve is that the payroll tax should apply to all earned income, and SS benefits should be means-tested. It’s common sense.
I don’t think anyone is lying about adding employees to the workforce. Obama was estimating that about 20% of the jobs would be in government. Same as the ratio before the crisis. A lot of stimulus is going to end up in contracts to private industry.
Peace.
DS
