The quality of life is not higher now for low income workers than ever. It has dropped and is dropping. While access to luxuries is greater the ability of low income workers to afford them is declining causing those workers taking on irresponsible debt. Job security is worse as is mental health. Suicide is a growing problem. The rising tide is not lifting all boats in the U.S. Inequality is bad when the social disconnect between the haves and the have nots becomes a political disconnect. It is ok until it leads to unrest. People protesting in the streets and burning and looting.

High taxes on the wealthy is not ex post facto theft. Since taxes are set by our representatives taxes are in essence philanthropy. Charity we have elected to give. We are seeing now that the rich don't want to give this charity so the lobby to have their charity reduced putting more of the burden of charity on the less wealthy. The amount of charity required is growing but the rich have declined to fund it.

A 100% tax would not discourage all entrepreneurs. Some entrepreneurs start non-profit or not for profit businesses. Higher taxes would shift the motive for starting a business from trying to be come rich to trying to do good things.

TEK