Nice summary of the problems caused by taxing the rich:
The following essay is presented as an educational service of the Downsize DC Foundation ... http://www.downsizedcfoundation.org/blog/how-warren-buffett-...
By Jim Babka, Perry Willis, and James Wilson
On Monday, August 15, billionaire Warren Buffett argued in an op-ed http://www.nytimes.com/2011/08/15/opinion/stop-coddling-the-... for the The New York Times that his taxes should be raised. He claimed that giving the Federal State more of his money would be a good thing.
"What’s amazing is that the mainstream media doesn’t even appear embarrassed at the way they’ve been treating Ron Paul. I suppose they think that since they’ve treated libertarians with such disdain for so long, no one will notice that they’re doing it some more to Ron Paul."