Actually the difference between Germany and Greece is that the Germans set their spending to the revenue the know they will get, whilst Greece set it to what they pretended they would get. The amount of tax collected in Greece was actually high, their spending was even higher.

" have lead to higher growth that has disproportionately gone to the very top income earners. " Given our highly progressive tax code, that means we collect a proportionately higher rate of tax on those incomes.

"How about just increasing the marginal income tax rate?" Certainly reversing JY's deficit inducing Middle Class Tax cut would be a good idea.