Hank,

Ignoring most of your post - I find that's usually the best policy - can we assume that your longing for the capital gains rates of yore also translates to a longing for the income tax rates of those same times?

In 1968 the rate on that portion of adjusted gross income in excess of $200,000 was 70%. In the middle of Ronald Reagan’s presidency that rate was 50%. Now, you guys cry crocodile tears for a millionaire paying way less than half that rate. To even suggest that the super wealthy pay even one half of historical rates is labeled class warfare. What has changed?