In Ronald Reagan’s first term, for example, the top rate was — you guessed it — 50%. Did Reagan’s “oppressive” tax rates prevent robust economic growth? Did “the achievers” decide to “pack it in”? No and no.

For nearly all of Dwight Eisenhower’s presidency, the top rate was 91%. That’s not a typo. Did this Republican president’s “oppressive” tax policy prevent the U.S. economy from growing in the 1950s? Apparently not. That said, if O’Reilly is contemplating retirement to avoid helping America pay its bills, I’m not inclined to discourage him

Hullabaloo

That's the best reason I've yet heard for raising taxes on these creeps. What's funny is that O'Reilly is under the illusion that he's one of the big job creators in our culture who can't be asked to give up even one penny of his massive income lest he lose all reason to wake up in the morning. Well sorry -- he's one of the entertainers, not one of the producers. He may be irreplaceable to curmudgeonly old FOX News, but it won't make a bit of difference to the economy. So, buh bye.

But that's not why I say he's a moron. He's a moron because he doesn't know how marginal tax rates work and when you make the ridiculous sums of money he makes, you really ought to. On the other hand, if he's so dumb that he thinks Obama is actually proposing a 50% tax rate and then whines publicly to a country full of poor people about it, then maybe we should just take his money

.