I am doubtful here (but eager to see data that says otherwise)

- The US median per capita income is quite high (top 2 or 3 globally IIRC). In light of that and the stat that the bottom 40% don’t pay federal income tax makes me think the tax brackets are already fairly progressive vs thinking the lower 40% is especially low earning.

- Additionally income inequality has been decreasing in recent years with lower percentile income earners increases outpacing even the relatively high inflation.

- I agree we should revert back to some policies.

- I don’t think there is much hoarding of capital, most high earners invest heavily.