re: Marginal Tax Rates

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The problem (ten yrs ago) is there aren't enough rich people. You could tax them 100% and it wouldnt balance the budget at current spending level.

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This. And that’s assuming those taxed at 100% still produce the same income, which they won’t. It’ll be zero, because no one likes to work and take risks for nothing. Hell, you could confiscate their entire wealth and it still won’t do the trick on a long term basis. That’s why socialist systems fall apart. As Thatcher said, they always run out of other people’s money.