Finally Boehner is be rational, clean debt ceiling increase being voted on

[berzerker60]

You want to show how successful a 90% tax rate would be by showing me a graph with the highest rate being 45%. Lets start at the top of your graph. France has the highest effective rate on there but rank 24th in per capita GDP. Next is Belgium with ranks 19th. Third is Italy which ranks 30th. Is that the kid os success we can look forward to with more income redistribution?

No one has a top rate of 90%, but the specifics of the top rate are irrelevant to me - I just care about the reason behind throwing that figure out there, which is that we need much higher, more progressive taxation (once the economy improves). Would that be a silver bullet guarantee of a perfect economy? Of course not. But it would be an important step in that direction and reducing harmfully extreme inequality.

Per capita GDP in those countries is much lower than ours in large part because in those countries, workers actually get vacation:
http://en.wikipedia.org/wiki/List_of_statutory_minimum_employment_leave_by_country
5 weeks of paid vacation in France
20 days in Belgium
20 days in Italy
0 days in the US

Dear God, save me from having a slightly lower per capita GDP that I can actually enjoy spending on vacation days!

 

[Pocatello]

Why do we need to spend so much on defense? It's a welfare system for the defense industry.

 

[Matt1970]

No one has a top rate of 90%, but the specifics of the top rate are irrelevant to me - I just care about the reason behind throwing that figure out there, which is that we need much higher, more progressive taxation (once the economy improves). Would that be a silver bullet guarantee of a perfect economy? Of course not. But it would be an important step in that direction and reducing harmfully extreme inequality.

Per capita GDP in those countries is much lower than ours in large part because in those countries, workers actually get vacation:
http://en.wikipedia.org/wiki/List_of_statutory_minimum_employment_leave_by_country
5 weeks of paid vacation in France
20 days in Belgium
20 days in Italy
0 days in the US

Dear God, save me from having a slightly lower per capita GDP that I can actually enjoy spending on vacation days!

Getting a paid vacation means a lower GDP?