The rich will leave this country. Look at the # of business owners who have fled California because of tax hikes. If you want to know what will happen to our economy look at bankrupt California. Then take a look at Mexico with her 2 economic classes, the filthy rich elitist and poverty stricken lower class, the US will ultimately be the same if we don't wake up now. There will not be a middle class. Even now the middle class in the US is disappearing at alarming rates. Then enters true lawlessness and corruption. I challenge you to truly study the history of any socialistic, communist, or marxist country. Their formula just doesn't work.