Effective tax rates haven't changed that much over time [0]. Doubling the tax rate on the rich is unlikely to double tax revenue, and could easily decrease inc

Effective tax rates haven't changed that much over time [0]. Doubling the tax rate on the rich is unlikely to double tax revenue, and could easily decrease income tax revenue. If we want to increase tax revenue to fund our current and future liabilities, the money is almost certainly going to have to come from tax increases on the middle class (who don't pay meaningful amounts of federal income tax for the most part) in the form of a VAT, as almost every other developed nation has already determined. [0] https://taxfoundation.org/taxes-on-the-rich-1950s-not-high/ https://taxfoundation.org/taxes-on-the-rich-1950s-not-high/