> The top 1% pay 30-40% of all the taxes and have done so for decades.
That's kinda the problem. We've been running a deficit for decades because the top tax rate has been cut.
That's kinda the problem. We've been running a deficit for decades because the top tax rate has been cut.
If you tax rich people even more than now, you risk simply slowing down the economy long-term and making the whole situation much worse.
We were running surpluses at numerous times across the past 100 years. Each of those surpluses ends with a reduction in the top tax rate.