This is perfect. Obama has been a broken record since his first campaign through today: "Raise taxes on high earners." Now that's done and we're still $1T in the hole for the year, $16T overall. So now what? We called your bluff and you've got nothing.
The emperor's disgusting nude body will be on display. Anything he whines about now the opposition can say: "We raised taxes like you said and it solved nothing."
After the inevitable inflation kicks a lot more people will be making $450,000 per year. I saw this same movie about 32 years ago.