Valid point, but I'd note that it's backed off significantly since WW2, when top tax rates were close to 90%.
Tax rates seem to more closely track actual government funding requirements than they do any sort of moral justification of such. The only reason congress is considering this is that TSY yields are starting to creep up, making government funding through debt more expensive.
If 10y yields were still tracking around 1%, none of this noise would be here.
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Valid point, but I'd note that it's backed off significantly since WW2, when top tax rates were close to 90%.
Tax rates seem to more closely track actual government funding requirements than they do any sort of moral justification of such. The only reason congress is considering this is that TSY yields are starting to creep up, making government funding through debt more expensive.
If 10y yields were still tracking around 1%, none of this noise would be here.