Not only will they not stop spending, they will then moan that there is still a serious short-fall. Then they will say, we want to tax individuals making 200,000. They will not cut spending, moan again, and they will want to tax individuals making 150,000. They will not cut spending, moan again and want to tax individuals making 100,000...and on and on it will go. Those wanting to stick it to the rich better realize that eventually the tax man will come for their money no matter what they make. Defining down millionaires (since when did 250000 make someone a millionaire) is the first step.