The very rich need more taxes

Rich people, those earning more than 99% of Americans, are the only people who have seen their incomes significantly improve over the previous 30 years. This is fact. When their incomes have more than doubled while everyone else’s, even those earning more than 90% of Americans but less than the top 1%, have seen little to no income growth. (Note: when you hear conservatives talk about how income for the top quintile has increased, and they use this to imply that inequality is due to returns on education, they are just using the other 19% to hide the massive gains of the top 1%.) So obviously their share of taxes paid has increased since their incomes are the only ones which have grown. In other words, we can raises taxes much more on the top 1%, and our economy will be fine. In other words, the Reagan revolution failed the vast majority of Americans.