Keeping sane tax rates for the investing class makes for easy propaganda for you, the party of Detroit and the Rust Belt. It is a liability because none of you are willing to take responsibility for understanding basic economics. “Supply Side” economics is nothing BUT economics, period. It is well tested, irrefutable, and works. The alternative, Keynesian economics, has been tested repeatedly and failed every time. It has only been applied as a solution to economic downturns in this country twice, during what became the Great Depression, and during Obama’s reign. Not coincidentally, both periods represent the worst recoveries in our nations history.
ONLY the private sector can create sustainable jobs. How hard is this to understand? And the people who run these companies are made rich, relatively, in the process. But we NEED them to create jobs.
You are obstinate because you hate wealth in people who do not support your schemes to change the world. You are fine with George Soros, but hate the Koch brothers, who together have contributed many, many jobs, all of which resulted in huge amounts of taxes paid into the U.S. Treasure.
If you want to understand why we are working harder and getting less, it is because all of our wealth is being siphoned off by banks, through their power to create money; and by the government, which is borrowing 40 cents of every dollar spent, and in turn, roughly 60-80% of those dollars are being created by the Fed to prop up our credit in an utterly unsustainable way which will result in monetary inflation and following loss of wealth for nearly everyone.
Here is a treatment of this topic: http://www.goodnessmovement.com/Page23.html
To put this another way, if the top income tax rate were 100% above a certain income–and FDR imposed this during a period when he was trying to spur business investment, because he was stupid–do you think anyone would work one minute past the point where the government was taking everything?
history is clear: above about 25% tax rates, actual RECEIPTS go down. Receipts from the top income earners WENT UP after Bush’s tax cuts, both in total dollars, and as a percentage of the whole.
YOu want the rich to pay more? Keep the rates where they are at.