Zeev's Turnips Talk Politics (ZTTP)

[ieddyi]

Obama agrees with you

He wants to raise the high bracket because of "fairness"

Why should the most productive citizens be penalized solely because they are productive?

I guess you missed this part:

What happens if we instead raise tax rates? Economists of all persuasions accept that a tax rate hike will reduce GDP, in which case Hauser's Law says it will also lower tax revenue. That's a highly inconvenient truth for redistributive tax policy, and it flies in the face of deeply felt beliefs about social justice.

Raising taxes decreases GDP- which decreases tax revenue