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December 28, 2006

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There's a strong case to be made that top marginal tax rate rates of the sort that we had under Clinton (39.6%) did not distort economic incentives or growth, but "getting back toward the 70 to 90 percent marginal tax on the highest incomes" is both politically infeasible and economically unwise. Let's start with rolling back the upper-income Bush tax cuts and instituting a carbon tax and go from there.

A carbon tax is politically infeasible, much as you and I might desire one.

Might as well spend our time devising plans for what Bush "should" do vis Iraq.

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