It amazes me to no end that even our FR folks who used to understand "Supply Side Economics" or real Adam Smith Economics still make this error. Increased tax rates will not raise nearly the projected revenue and, in fact, if revenue does not DEcrease immediately it will shortly as the economy noses over even further and declines even faster..
The simplest way to state it is:
No matter how high the tax rate goes, it never collects more than around 21% of GDP and begins to collect less the higher you go. The secret to more tax revenue is raising GDP, not the tax rate.
The point I was attempting to make is that those Americans, especially those paying little or no taxes, do not understand or care that the only pot large enough to come close to meeting the desires of the greedy has to come from the pockets of the so-called, "middle class."
Even in America, there aren't enough rich people working and being taxed at higher and higher rates that will fulfill the desires of the greedy. Only when the, heretofore, largest group, the working and taxable "middle class" have their taxes raised, can the government come even close to meeting the spending habits of DC, according to the philosophy of Keyensian economists!