Taxing the "Rich" 100% Won't Pay For the Obama Mega State

Review & Outlook: Where the Tax Money Is - WSJ.com: "The rich, in short, aren't nearly rich enough to finance Mr. Obama's entitlement state ambitions—even before his health-care plan kicks in.

So who else is there to tax? Well, in 2008, there was about $5.65 trillion in total taxable income from all individual taxpayers, and most of that came from middle income earners. The nearby chart shows the distribution, and the big hump in the center is where Democrats are inevitably headed for the same reason that Willie Sutton robbed banks."

Hang on to your purses and wallets - the big government crowd are coming to your house next. Trying to balance the budget of an out-of-control federal government on tax increases is ludicrous on its face. Read the article. It takes you thru the thought experiment of confiscating 100% of the income of the "rich," defined in ever broader terms.  Obama is not a serious man.  He's just a huckster politician working 24/7 to get reelected while the country drives "into the ditch," to use a colorful metaphor.  How's that hope and change working out for ya?