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As @Abhorsen said, natural monopolies do exist. He gave the example of a water company. They generally fall under the category of public utilities and public services where having more than one provider is a cost-prohibitive mess. Another example might be retail stuff in a town that can't...

Unnecessary. With progressive taxes those at the upper end of the income scale reach an "it's just not worth it" point when it comes to bringing home more. The Laffer Curve, as ridiculous as it gets portrayed, has some truth behind it. It's a thought exercise which points out that at some level...

One way to think of it - in my engineering mind - is in the terms of redlining an engine with desmodromic valve gear. Those don't really have a redline because the valves are mechanically closed instead of being closed by springs. Valve float is a non-issue. Wealth Limit: A rev limiter. This...

I'm of the opinion that progressive taxes are a good thing because after a certain point you can't spend all of it no matter how hard you try.

Bush is when the tax cuts for the wealthy started. The 42.8% marginal I mentioned upthread was during Clinton. Toss in Social Security and Medicare ... it hit 50.5% for a bit before dropping due to cutoffs.

The last time the US Gov't actually had a surplus was 2001.

I don't think there should be a wealth cap. That's flat out theft. I do believe in progressive taxation. That is, the more you make - after business expenses - the higher the tax rate. I think the highest marginal rate* mine ever hit was 42.8% and I didn't bitch. * The tax on the next dollar...