What were the total tax collections as a percentage of GDP?  That's the important number, pissing and moaning about how people spend their own money is a waste of time.  You can't seriously promote the idea that high taxes are needed to punish wealthy investors because you don't like what they do with their money.  I am sure that wealthy investors will fund progressive candidates, not.

Don't waste your vote, vote Green or Independent in the next election.

by mcamelyne on 09/05/2010 02:32:18 AM EST

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dude, the point is that wall street is not spending their money they are stealing yours via prop trading, flash trading, buying regulators ect....and to make it all worse they are doing this at 15% or less.

Yes the chart shows that overall percentages have stayed the same but the % of income that the wealthy has paid has gone way down. You need to look at the indivdual brackets and the effects on boom bust cycles and national debt.

by sisco66 on 09/05/2010 04:59:52 PM EST

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