Reply #54: Thoughts from an old hippie/corporate pig. [View All]

[Admiral Loinpresser]

For context, I have a weird bio. I made a bundle in Silicon Valley during the 90's dotcom boom and subsequently lost it (long story). Today I have a ponytail again and am trying to break into academia, where I can be happy but broke.

Anyway, I agree with your sentiment, but think the idea of capping income is politically untenable. My focus is not how the wealthy are doing, but how the majority of people are doing. The good news is that we can make things much better for most people by simply having a slightly more progressive tax code. Clinton proved that by passing a tax bill which raised the top marginal rate a little bit and thereby achieved the greatest financial boom in world history.

If we can just get a Democrat back in the White House someday, we can achieve that. I include a link to George Lakoff (it's long, but profound). In it, Lakoff addresses how to frame taxing the rich.



http://www.youtube.com/watch?v=5f9R9MtkpqM