You make a valid point, I think you hit the nail on the head, I agree, that’s true, I just fear tax increases on the rich will be passed onto the middle class and the poor via consumption in a poor economy where things like food sizes have already been reduced due to inflation.
I’m not even advocating raising the taxes on the rich; the Repubs just have to stop letting the media paint them as representing the 1%.
Nobody runs a business to lose money, or just break even; when you destroy the profit motive you destroy business (and the related jobs). That in a nutshell is the fatal economic flaw of communism (and to a lesser extent Western European-style socialism); there is no incentive to excel.