“my National Review colleague Kevin Williamson pointed out that, in order to balance the budget of the United States, you would have to increase the taxes of people earning more than $250,000 a year by $500,000 a year.”
So what’s the big deal? If we raise they’re taxes that much, surely they’ll just work harder to make it all back. Everyone wins: Uncle Sam gets another money fix, rich people aren’t hurt and everyone lives happily ever after. It’s Obamanomics 101.