Gary, 40% pay no taxes. Are 40% of Americans on welfare or at the poverty level? No, the average poverty levels are between %12 & %17 percent.

The top 1% of income earners paid 40% of all the taxes.

The wealthiest people in this country are also the ones that employ the most people. How many poor people have ever offered you a job or paid you to do something. Take more of their money and there will be less jobs.

The wealthiest people also don’t have to worry about you or me. They could sell all of their investments, take a pay cut, down size their businesses, and lay off hundreds or thousands of employees without batting an eye. They will be fine and they will survive. What happenens to those who are now unemployed? Of course, the government should take care of them, but where does the money come from? The wealthy guy is now making a modest salary with no investment income, and the hundreds who had jobs and were paying taxes are now unemployed.

B.O.’s mistake is thinking that the rich will keep expanding their wealth and keep working as hard even with higher taxes. Using past successes, which he calls failures, to fund his spending bill will be one of his many failures.