Historically Tax Rates Have Been Raised in the U.S.A. to Escape Recession, Depression and Finance War

In U.S. history income taxes have been raised to finance war or escape depression. Taxes were raised to 63% on the rich in 1932 to get out of the depression.

http://en.wikipedia.org/wiki/Taxation_in_the_United_States

Income taxes began during the civil war with the prosperous paying 3 to 5 percent. During world war two the tax rate for the rich was raised to 92%.

The 16th amendment ratified in 1913 allowed a return of substantial federal income taxes. In 1918 the tax on the rich was raised to 77%.

All the way to 1981 the tax rate for the rich was still 70% and the nation never had substantial public debt.

The Obama-GOP plan to extend tax cuts during a war and recession go against all historical precedent. High taxation has worked before during U.S. history. The Eisenhower years were good years and taxes on the rich were high.

Perhaps an ecological economic national full employment and border security policy should be made to counter the offshore drift, and higher taxes on those earning more than $100,000 restored.