The purpose of Dem tax policies is not to maximize revenues, but to attempt to maximize control.
It’s too bad we keep judging their actions and policies by what we accept to be the “obvious” goals of economic growth, prosperity, and individual liberty and well being.
Those AREN’T their goals.
It’s like scoffing at the man walking “the wrong way” as being ignorant or stupid because you assume you know where he wants to go.
I believe that 0bama is fully aware of the economic implications of tax policies, but he is not interested in them. He sees tax policies as a tool to affect social change, to narrow the gap between "the rich" and "the poor."
Of course, he views himself and his ilk as above and beyond that "acceptable" range of income/wealth, as most dictators are known to do. Unlike those who work hard for their money, he believes he is to be rewarded above and beyond what "normal" people deserve for his efforts to make life "better" for the people. Hence the $$$$ vacations to Hawaii etc.