“Theoretically, there is nothing that can stop the government from taxing 100% of income,” Mr. Obama wrote... I cannot believe that educated people can honestly say or write something like that and not be aware of its logical consequences! If my income will be taxed 100%, you are taking all incentive away for me to work! Such a disincentive to work and produce is the doom of any country that would enact such a foolish policy. By the way, I don't think that the ounger Obama is that foolish, but his father's influence in his thinking is evident.