Margret Thatcher: “Socialism is fine until you run out of other people’s money”.
Tax the rich is preposterous. They just pick up their marbles and find a more equitable game. If the top 5% of earners (who pay over 60% of taxes) decide to close up shop and live off their off shore accounts in a country that is cheaper than the US for the next four years where will the money come from to support the government give-away programs? Remember, it’s an INCOME tax. No income. No tax.