> and why we never had millionaires back when the top bracket was > 90% some caveats apply to this offhand quip (very different tax laws and perhaps even wides

> and why we never had millionaires back when the top bracket was > 90% some caveats apply to this offhand quip (very different tax laws and perhaps even widespread evasion meant almost no one was paying an effective tax of 90%, regardless of actual income). I suspect you know this. I'm sure there's a lot of slack in the tax brackets. I doubt we are close to a laffer curve inflection point. all I'm saying is I'm not convinced by the style of argument that goes "we already have enough food for everyone; we just need to radically reorganize the economy and then no one will go hungry!". more analysis is needed.