This guy has it right. Taxing all millionaires at 100% would generate only 50% of 2010 deficit.
http//:confoundedinterest.wordpress.com
Most of us have known that you can actually seize 100% of all the wealth in this country and not solve the deficit or debt problem.
We are operating the business of the nation with more than a 20% non-productive overhead. Any business that exceeds 5% of gross revenue for non-productive stuff needs to be concerned because they are spending too much on things that don’t improve profits.
Google up “eat the rich” to see some data on what happens if you confiscate all the wealth of the rich.