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Originally Posted by sebastian_dangerfield
Did you read what I said about taxing the rich not providing anywhere near the revenue needed to cover what we owe and have promised?
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Actually I think you said we could take taxes back to where they were in the 1950s and not have enough. I suspect that's wrong (although not so easy to calculate).
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Raise taxes all you like, revenue will remain near constant.
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You can't possibly believe this.
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Money's moving a lot faster, and the emerging markets are a lot bigger and more business friendly than they were historically, and that trend is accelerating exponentially. Whatever you cite will be hoeplessly dated.)
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I think your sense of proportion is out of whack.
