What would it take to close the deficit? According to TaxProf Blog, a 95.2% income tax rate.
Mind you, that’s not to pay off the national debt. That’s the deficit, the annual spend-a-boatload-more-money-than-we-actually-have figure.
The days of “I will gladly pay you Tuesday for a hamburger today” have got to end.
On the bright side, because these sort of insane financial policies are a big part of what drove the Beatles to break up, it would be schadenfreudelicious to see Hollywood’s loony left deal with the financial aftermath of what they’ve been preaching for years.
