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Great post freeper12.
Tax them too much, attack them for being wealthy, and they just may not show up at the table any more.
I am about to post a new article on Action America (http://www.ActionAmerica.org/), where I have analyzed the Forbes lists of wealthiest Americans and Worldwide Billionaires. Those calculations reveal that the number of billionaires in the United States has decreased by over 13% since 1999, while the world has seen a more than 80% increase in billionaires.
It doesn't take a brain surgeon to realize that a lot of wealthy US taxpayers have already chosen not to show up at the table. It's time to get rid of the single cause of this serious problem - the IRS (and by association, the Income Tax in any form).