All income taxes and federal deficit: 1910-2008

Note the ballooning in deficits during Reagan, Bush I, and Bush II.  Note the elimination of the deficit in Clinton's term.

http://www.usgovernmentrevenue.com/downchart_gr.php?year=1910_2008&view=1&expand=&units=b&log=linear&fy=fy12&chart=10-total_G0-total&bar=0&stack=1&size=l&title=&state=US&color=c&local=s

President Obama's "Change"

Having the resolve of the American electorate behind him does not give Obama the courage to do what he was mandated to do by the people ... what he promised:  change.

No. Instead, Obama needs the Republicans to be behind him. And with their help, he can renew Bush's policies. Oh, that's STRONG leadership. Thank you, President Obama. Thank you. Fucking sell-out.

World Top Incomes Database

http://www.ritholtz.com/blog/2011/06/the-world-top-incomes-database/

http://g-mond.parisschoolofeconomics.eu/topincomes/

the New Economy

If you un-concentrate the wealth, by hiring middle-class people with it, then the new middle-class would pay more in taxes, as well as increase consumption (given favorable tariffs).