How could raising taxes on the top 1 to 2% of income earners be good for an economy?

the current top rate is 35% .....so assuming that top rate went gradually as high as 50 or 55% ...like 55% for any portion of anyone's income that is in excess of $7 million dollars a year. What positive impact would these hikes on the top earning individuals have on USA's economy and how could it help... show more the current top rate is 35% .....so assuming that top rate went gradually as high as 50 or 55% ...like 55% for any portion of anyone's income that is in excess of $7 million dollars a year. What positive impact would these hikes on the top earning individuals have on USA's economy and how could it help restore a healthy economy??
Update: lol but how did the country survive for example in 1955 when the rich paid super high taxes or in 1947 or in 1965?
Update 2: A review of our income tax history shows that since 1913 most of those years have had tax rates higher than 60% for the wealthies americans? how could this be?? how could our country have gotten so successful and wealthy and have balanced budget etc and send missions to the moon etc....with such high tax... show more A review of our income tax history shows that since 1913 most of those years have had tax rates higher than 60% for the wealthies americans? how could this be?? how could our country have gotten so successful and wealthy and have balanced budget etc and send missions to the moon etc....with such high tax rates?

LMAO ........ROFL
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