"In 1979 the top marginal income tax rate was 70% and 18.3% of the total taxes paid were collected from the top 1% of taxpayers. By 2007 the top tax rate was 35% (half of the 1979 rate), and the tax share of the top 1% had more than doubled to 39.5% (from 18.3% in 1979."
Don't imagine that Obama and co. will be deterred by this graph and these facts, however. They will march in lockstep, pillorying the successful producers, until they find a way to push the economy over the cliff. At which point, we assume, they will reconstruct it into a more fair, equitable and just system where wealth is spread around more evenly and we get an economy more like......Cuba's? Maybe not Cuba's, but how about Europe's where they've "enjoyed" almost no significant growth for several decades, persistent 10% unemployment rates, and where the population is declining as a result.
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