Soak the Rich. Lower Marginal Tax Rates

The slogan Make The Rich (or the Tippy Top earners, to quote the au currant Alexandria Ocasio-Cortez) pay their Fair Share is repeated over and over again. But if that were your objective,  historical data (I know, not as persuasive as Feelings) would suggest that you do just the opposite of  what the Democrats want to do -- i.e. raise marginal rates of taxation. Would they really be happier going back to 1960 when the top 0.5% paid far less of the income taxes collected?

The Truth About Household Incomes

At the risk of bringing facts to an emotional fight with demagogues and the media, how exactly does one defend the notion (and it is just that) that median incomes in the country are falling?

Yes, The Middle Class is Shrinking. It's Gotten Wealthier

I'm getting a little tired of hearing from both Democrats and Republicans that "the middle class is shrinking". Yes, the middle class is shrinking. And it's because they've gotten wealthier.


                                                                                             1967           2014

Share of American Households earning $100,000 
or more (2014 constant dollars)                                            8.1%         24.7%

Share of American Households earning
$50-100,000  (2014 constant dollars)                                  33.7%         28.5%

Share of American Households earning
$50,000 or less (2014 constant dollars)                               58.2%         46.8%



Why isn't this a good thing? Does this look like something that "must be fixed"? When your argument for socialism is that the Middle Class are getting richer, I think you've got a problem.  

Demagogue: A leader who makes use of popular prejudices and false claims in order to gain power.