If we require class warfare to win elections (or pandering to class warfare) then we have lost. Taxes on the rich are nothing but a ball and chain on the economy, our entrepreneurial class is strong enough to overcome them for now, but that won't last forever.
I understand it, I understand the allure of it and I also understand the reality of how Washington gets a hold of these things.
I read in the Washington Post on line that there has been a bit of back tracking on the 9% income tax on poverty level citizens. I want another source but my gut told me that was coming anyway. The next perversion of it will be exemption on those over 65. We already have an exemption for economic empowerment zones which sounds like liberal speak for bad neighborhoods.
Pretty soon you wont even recognize it because it's a political loser.