Very negative... though I believe that in a situation where you have incredibly high top marginal tax rates... they can squelch economic growth unless the government is making the amount of investment into wealth generation that the people who earned the money would. Like when the top rate went from 90% to 70% in the 1960s.. I don't think that was a bad thing. . . . But to push for historically low top tax rates for the rich when we're on the brink of fiscal insolvency and it has been widely proven that the rich are hoarding the wealth is stupid. It's time for the rates to go back up. If the private sector won't invest in the prosperity of all Americans, then the government will have to take the money and do it.
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