http://iroots.org/2012/07/28/obama-like-father-like-son-100-taxes/
Dreams from his father: “Theoretically, there is nothing that can stop the government from taxing 100% of income so long as the people get benefits from the government commensurate with their income which is taxed. . . It is a fallacy to say there is a limit (to tax rates), and it is a fallacy to rely mainly on individual free enterprise to get the savings.”