The biggest flaw with soak the rich is that they have the means and ability to vote with their feet as well As with their bank accounts. Look at the number of rich renouncing their citizenship to avoid paying higher taxes, the number of rich moving out of California, Illinois, and other high tax states. Look at the amounts being invested offshore, in tax free holdings, and other LEGAL hiding places. Sowho will be taxed, those at the bottom of the line called RICH, they will be hurt firsthand hardest, they also are the ones who start new businesses, who hire new employees,. Do not tax the rich, tax everyone equally...one flat tax rate.