Just who makes up the One Percent? What are their hopes and fears, their dreams and failings, their favorite sports teams? .... Do we care? No -- just tax the hell out of 'em!
Seriously though, I suppose regional cost of living differences do matter. So we could easily take the upper East/West Coast bound of, say, over $1 million income per household, and raise taxes on them to post-WWII levels.
(We are still paying for two long-term wars, by the way, don't forget! The post-WWII/post-Depression era comparison is totally appropriate.)
By Shaila Dewan and Robert Gebeloff
January 14, 2012 | New York Times