Comment Actually sounds good to me (Score 1) 2115
The top tax rate on personal income has never been lower, anytime in the past 50 years. Furthermore it was deliberately set lower than necessary to fund current spending levels, back in 2001. So raising it is only a sensible move. You would think from the outcry against it that it was some radical move to kill off rich people, but it is neither radical nor would it cause a catastrophe. It will not by itself greatly alter the distribution of wealth. But it will start getting us closer to having tax revenue actually fund what the government spends. (I do not think just cutting government spending is a reasonable alternative - although that can be done too - it was a combination of spending and poor tax policy that got us into this, and fixing both those things is a reasonable way to get us out of deficit).