Most the top 3% probably don’t have much cash in their pockets, banks. It’s probably reinvested in their businesses. Where do they get the money to pay all these “rich must pay” taxes? Well, they have to cut somewhere...cut staff...sell off what they can. Taxes are big way to erode the backbone of our economy.
More good bye to jobs...more foreclosures....more downturn in the economy.
But then again, that sure seems to be the goal of this current administration.
To stimulate the economy:
Cut taxes and quit spending, repeal Heathcare, repeal financial reform, repeal stimulus. Common sense stuff