Do we need to return to a 90% tax rate for billionaires?

[kentuck]

At one time, that was the legal tax by law, although few paid it.

In his short time left in office, perhaps Biden could start his own Committee, like DOGE, and have them recommend the new tax rate to lower our national debt and to pay for much needed programs?

The battle is always between the rich and poor and the rich are winning this battle hands down. If there is one big positive for a democratic government, it is that the majority can require these assholes to surrender some of their wealth and ill-gotten gains.

There should never be another Democrat that suggests a 39% percent or less maximum tax rate. That was a big mistake by Bill Clinton, in my opinion.

[Lunabell]

1. Oh, to dream the impossible dream.

Yes, but not any time soon unless we get a super majority in congress.

[WarGamer]

2. I think you're forgetting... billionaires make the rules.

If they don't want high taxes, there won't be high taxes.

[kentuck]

3. Yeah, I remember when JFK lowered the top tax rates to 70%.

Somebody was affected.

[Bonx]

4. It's fun to imagine wild numbers for the marginal tax rate on the rich

but the effective rate is what matters.

[Walleye]

5. Yes, we now have billionaires that are so bored with their lives, they are trying to get to Mars. The idle rich.