Obama advocated dramatically increasing taxation on "the rich" even up toIt will be interesting to continue reading Greg's review and research. The words - in sharp contrast to the John Adams series we've been watching on HBO - seem like solemn bells ringing in my mind. A death knell.
the 100% level, arguing that, "there is no limit to taxation if the benefits
derived from public services by society measure up to the cost in taxation which
they have to pay" (p. 30) and that, "Theoretically, there is nothing that can
stop the government from taxing 100% of income so long as the people get
benefits from the government commensurate with their income which is taxed."
Often when watching that series tears would come to my eyes...so far have we moved away from that...meaning in so few years. They'd intended a thing that would last through generations and yet in a mere two it is being torn asunder. Weeping, indeed, for what is already lost and more still for the ill-wind blowing. Gone, gone that finely woven concept. Gone and a return to the basest nightmare. And corpses spin under headstones.