[rabscuttle385]

Forgive me for asking…but what is so wrong about raising taxes to some negotiated extent on the most wealthy taxpayers in the US?

That was already tried - it's called the Alternative Minimum Tax. Unfortunately for Americans, this tax now hits middle-class Americans the hardest, especially those in areas with high costs of living. Truly wealthy Americans are still free to exploit other sections of the Federal tax code to shelter their wealth (new or existing) from taxation.

[stephenjohnbanker]

Good post.