He also claims that it would be “fair” to go back to Bill Clinton’s top tax rate, but anybody want to bet that Michael will now call for even higher tax rates now that Obama succeeded in pushing the top rate to 39.6 percent?
And we definitely know he doesn’t want to go back to Bill Clinton spending levels, so he wants the bad part of the 1990s but not the good part.
One point I failed to emphasize, though, is that class-warfare taxes won’t raise much revenue because of Laffer Curve effects. My comments about successful people escaping places like France and California touched on the issue, but I should have been much more explicit.
P.S. Was I right, or was I right, when I wrote that the real national title game was played on December 1? Such a tragedy that Georgia fell four yards short of the championship.
Since ‘Bama trounced Notre Dame by 28 points and edged Georgia by 4 points, I guess that means the Bulldawgs would have crushed the Irish by 24 points. Which would have been even more impressive than when we beat them 17-10 to win the 1980 national championship.
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