don't forget the Federal Deficit, you know the deficit the republicans really care about when there's a democrat as president. When the GOP controls the White House and at least one house of Congress, "deficits don't matter"*.

* Ronald Reagan

I doubt that will happen in my lifetime.

That may be too modest, but given the loss of deductions since then a 50 percent marginal rate would be more like 60 percent.

It would be adjusted for inflation and would be a good first step, along with capital controls to prevent the flight of wealth.