Discuss amongst your ownselves.

While I mostly agree that raising taxes on the rich isn't the answer to erasing the federal deficit, I can't help observing that there's precious little evidential support for the view that allowing marginal tax rates for the highest income bracket to climb to 40% is either unprecedented or gol-durned unAmerican.

The fact is that for the past century, the top marginal tax rate was nearly ALWAYS been higher than 35%. Not that "it's always/usually been that way" is a particularly solid normative argument for taxing the living daylights out of the Chinese toy-loving minions of the richest one percent.

On the otter heiny, "it's always/usually been that way" makes a pretty good argument against the notion that Armaggedon will result if we raise taxes on Teh Evil Rich (among whom the blog princess is mildly disturbed to find herself) :p

UPDATE: the argument conservatives *should* be making:

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