580. Will the rich pay more taxes?

Not Eduardo Saverin. He's taken his BILLIONS off the table as noted in this article. Mr. Saverin is a co-founder of Facebook and decided to renounce citizenship than to pay exorbant taxes on the upcoming Facebook IPO. I certainly don't praise people like him who rather not help the country, but as the article notes, this is a growing trend for the rich in the wake of OBlunder's rants to tax the rich higher. Now we get NOTHING instead of something. Threaten the rich more, don't lower the business capital gains tax, and we'll continue to lose tax money. Soon the upper 40% , instead of just the upper 10%, will be paying most of the taxes. It also means that if we lose just 20% of the upper tax payers, we lose about 16-18% of the total tax revenue which somebody (you and me of course) will have to make up. Thus, tax on high income earners = tax on middle the next year or two. We can't continue on the road of destroying America. OBlunder and team need to go.