You Can't Soak the Rich

"...there are draconian constraints on the ability of tax-rate increases to generate fresh revenues...

Like science, economics advances as verifiable patterns are recognized and codified. But economics is in a far earlier stage of evolution than physics. Unfortunately, it is often poisoned by political wishful thinking, just as medieval science was poisoned by religious doctrine. Taxation is an important example."

David Ranson, WSJ. What's your Plan B, Barack? Faith-based, class-envy liberalism doesn't cut it. You can't soak the rich. (They won't put up with it, and there aren't enough of them to put up with your grandiose expansion of government at our expense--you end up taxing the middle class.) Graph of Hauser's law.