Originally Posted by kane

So you also then must realize that if Obama gets the tax increase he wants all it will do is put the tax rate on the wealthiest back to where it was in the Clinton era right and the increase will be about 3-5%? The wealthy grew their wealth by leaps and bounds when Clinton was in the white house. I'm not advocating for huge increases in taxes on anyone, but if you think that the president is going to strip the rich of their wealthy you need to turn off whatever it is that you are listening to that is telling you that.

The rich have actually gotten more wealthy during the recession. Here is a good story. Pre-recession the richest 1% controlled 34.6% of the wealth in this country. They now control 35.6%. They will not be stripped of shit. If they lose money they just get their connected friends to pull off another bailout to replenish any lost money.