Raise the "Top Marginal" Tax Rates for the wealthiest among us to where around 50%. Like what we had during much of the "Golden Age" of Ronald Reagan.
larger
It's not like there's no precedent for it. See the 90% Marginal Rates for millionaires, through much of the 40's and 50's, in the chart above.
Another solution to Income Inequality:
Raise the Capital Gains Tax Rate (on investment income of the Wealthy) to Reagan-esque levels like 28%.
5 things about Barack Obama’s Robin Hood tax plan
The proposal faces long odds in the GOP-controlled Congress.
by Brian Faler, politico.com -- 1/18/15
[...]
CAPITAL GAINS: The administration wants to increase the top rate to 28 percent, from the current rate of about 25 percent with various surcharges, while expanding the number of things that would be subject to it.
The administration’s plan would end the stepped-up basis “loophole,” though it would add various provisions aimed at shielding the nonwealthy and small businesses from having to pay the tax.
[...]
It would be the latest in a string of increases in capital gains taxes under Obama. Lawmakers agreed to raise the top rate to 20 percent for wealthy taxpayers, from 15 percent, as part of the 2013 fiscal cliff agreement, while also imposing a surtax on itemized deductions, the so-called Pease provision, that can add another percentage point in taxes. The Affordable Care Act, meanwhile, was financed in part by a new 3.8 percent investment tax. Together the provisions raise the current cumulative top capital gains rate to 25 percent.
[...]
Another way is to
wait for the Top 1% supply-siders to
share some of their Wealth with the rest of us workers, who actually produced it for them.
Of course, as the last 30 year shows, waiting for all those GOP Tax Breaks to the "Job Creators" to "trickle down" to the rest us -- just might take a "lifetime" of waiting.
And if those Jobs, when they finally arrive, have lousy wages anyways -- it's not really much of an Income Inequality "solution," now is it?
More like Robin Hood giving to Sheriff of Nottingham, instead of those on the light end of the Income equations.