Quoting SpaceCowgirl:" If we taxed the 1%ers at 100%, we'd only be able to run the government for ~88 days. We spend the ... [snip!] ... money per student in the world, yet our school system sucks balls. Do you really think throwing more money at it is the answer?"
I didn't say it was THE answer. Obviously there needs to be a lot
of reform in how our government is run but higher taxes definitely wouldn't hurt when it comes to providing basic necessities like education and healthcare for people. Unfortunately politicians can't seem to compromise on just about anything and people suffer as a result.
The Clinton administration had "high" taxes and spectacular results. The deficit was erased and there was an actual surplus. Unemployment was low and people were given incentives to find employment if they were accepting aid in the form of food stamps or disability. (One issue I have with Obama is that I feel people are given financial help way too easily and this is one thing that needs to change; there needs to be a time limit on how long certain people can receive assistance but it also needs to be on a case by case basis.) As a result the government ended up funding fewer people and spending less money on social causes like food stamps and other such programs.
The trickle down concept, however, has never worked when it comes to totally erasing the deficit. It didn't happen with Reagan or either Bush and with the latter Bush the deficit actually grew despite his massive tax cuts and his attempt to jump start the economy by giving everyone free money. It hasn't worked for at least three administrations whereas creating slightly
higher taxes and reform at basic levels of government has
worked. (At least as far as I'm concerned... I'm sure your definition of "worked" will be different than mine though as we can't seem to agree on anything.) The combination of Clinton and a very conservative Congress led to the U.S having eight straight years of massive growth.
I'm all for trying something other than what I mentioned above but neither party has proposed anything that sounds reasonable enough for me to support. Until then I'll continue to buy into the idea that slightly raising taxes and creating a lot of reform is a winning combination for the U.S. and its people.