As to your assertion that the rich live in 70% tax brackets, this is quite untrue. The 70% bracket is unfair but few Americans actually find themselves in this bracket. Those in this bracket are high-wage earners, mostly doctors and lawyers, that don't have much outlets for tax reduction. This group is unfairly punished at the moment and it would be wise to fix this problem.
If you as an entrepreneur find yourself even remotely close to a 70% tax bracket, I highly encourage you to post something to HN like "Ask HN: Please help me find a tax planner with two brain cells to rub together" ;).
There are lots of risks entrepreneurs take. But one reward is great opportunity to reduce tax both as you go and after a big payoff.
As to your feeling that you wouldn't want to live in a a country that never had Reaganomics...there are many great Americans (those that created what we have now) that lived before 1980 that do not share your feelings.
I'm not trying to be abusive. I'm writing this to provide additional perspective.
I'm not a Democrat. I have never been a member of any political party and hopefully never will. You do seem to have in for the Democrats though. Yes, they are in bed with Union officials and people that abuse the intents of a union. And yes, the Republicans are a bunch of rat bastards as well ;).
I really think that in lieu of the recent Wall Street bailouts and given who benefited, you should go "hawking" your "Democrats give too many handouts" somewhere else. Its falling on deaf ears. I have never heard either party provide a coherent economic plan. And that goes back to Reagonmics. They've have 20++ years to show that "trickle down" does anything but further stretch the socio-economic fabric.
I vote for my perceived integrity of the person. I don't much care whether they swing right or left, as long as they get stuff done and do so with integrity.