Sitting on the beach at the Ritz Carlton discussing with Jesse the futility of saving for the boys' college, I'm reminded again of the need for a "confiscatory" top marginal tax rate. (The Ritz plays no small part in my thinking.) What? I'm going to save and save so that university presidents can collectively raise tuition 1,200% over three decades and reward themselves with multimillion dollar salaries? Truly, I'd be more inclined if it all didn't seem so laughably impossible to think we could ever put aside enough to keep up with the tuition explosion. But if there's a solution, it's not in more federal grants to students or cheaper loans -- wherein I agree with my conservative brethren that federal policies have helped enable the universities. It's in getting at the root cause of the problem. Then Jesse alludes to the old blackmail race-to-the-top (or bottom) dilemma that results in Wall Street CEOs getting 6-figure bonuses while taking...