UK example of why high tax rates on the rich don't work

[Danzig]

http://www.slate.com/blogs/spitzer/2..._up_a_lot.html

on cap gain tax increases.


and note this excerpt:

A couple of data points: First, in 2010, 93 percent of the income that was added to our economy accrued to the top 1 percent of families. Second, corporate earnings as a percentage of GDP are at an all-time high—totaling 1.75 trillion in the third quarter of this year, while wages as a percentage of GDP are at an all-time low—just about 43 percent of GDP.