No one here is advocating lower tax on the rich. So I honestly don't even understand why the subject was brought up. Is that all you can bicker about?
A given with a flat tax: Closure of all loopholes that allows people like ol' Barracky that paid < 19% this year. There is only one given answer to the taxation of rich people that have the wealth and can invest in the future jobs of America: Taxing them will be a great reason to jump ship to our enemy nations to start their investment for much less.
Or do we need to learn to slap ourselves with a bat too before we learn even though the examples are everywhere:
http://www.dailymail.co.uk/news/art...ax-rate-income-1million-euros-goes-ahead.html
http://www.zerohedge.com/news/2012-...exodus-what-obama-can-learn-uks-tax-rich-plan
Studies on high income migration in relation to tax hikes have disagreed on its effects, but the two sides generally come down between 'no effect' and 'small, but noticeable effect'.
Needless to say, that is more credible than a zerohedge entry. Then again, what isn't more credible than goldbug central?