Thoughts on Today's Political Landscape

[GRH]

I'm not sure what you find so unconstitutional about a 100% tax rate on income in excess of $200,000. Read the 16th Amendment:

"The Congress shall have power to lay and collect taxes on incomes, from whatever source derived, without apportionment among the several States, and without regard to any census or enumeration."

That precious Constitution of yours was amended (through mechanisms set up by the document) to include the ability for Congress to tax incomes. Where in the Amendment does it make any mention of specific tax rates (or limits thereon)? It reads pretty broadly to me.

That said, I wouldn't support taxing income in excess of $200,000 at 100% because I feel this would put America at a huge competitive disadvantage. However, I WOULD support taxing such excess wages at MUCH higher rates than at present. Our country saw some phenomenal periods of growth when the top marginal rates were at 70%. I'd also nix the lowered capital gains rate for capital gains in excess of a certain threshold.