Support shoplifting from corporations!

When you redistribute wealth by raising taxes on the wealthy you accomplish two things, one of which works simply because you have raised taxes:

(a) More money in the pockets of the public means more consumption, which leads to more surplus production realized as profit, this leads to more production of surplus value, more jobs, more income, more consumption, and so on.

Allow income to be bottled up at the top and you retard economic growth. What capitalists perceive is good for them personally is actual bad for the capitalist economy. Self-interest behavior at the firm level leads to weak economic development at the system level. This is why capitalism needs state intervention.

(b) More taxes mean smaller budget deficits. Smaller budget deficits mean lower interest rates. Lower interest rates mean more borrowing and investing. More borrowing and investing means expanded economic activity and more jobs. This dovetails with (a) to grow the economy.

Every time this strategy is used it works. Every time taxes are cut for the wealthy and on capital the economy slows or contracts. This is why as a general empirical reality Democrats preside over better economic times than Republicans.

Republicans are good for a narrow range of capitalist interests - energy, for example - but Democrats are good for the overall capitalist system.

America does much better under Democrats than Republicans. It's a material fact. All you have to do is examine economic patterns over the past 50 years.

What I would do is raise top marginal rates to over 90 percent, raise corporate taxes and capitalist gains taxes, and implace an exit tax on corporations leaving the country. I would then reduce taxes on 90 percent of the population, eliminating taxes on everybody earned 60 thousand dollars or less and implace a negative tax on everybody earning 300 percent of poverty. I would start public infrastructure projects, especially environmental clean up, sufficient to soak up all surplus workers.

The economy would boom.

A final note to readers: Before you post, be sure to read through the post and consider your thoughts before leaving a comment. I will erase any irrelevant comments mercilessly. If I don't reply to a comment, but leave it posted, it's probably for a reason.