So what? Economics will also not permit someone to overcharge for something people are willing to pay for. Supply and demand is the basic principles of capitalism isn't it? So if someone is overcharging for something, demand goes down and so does their revenue.
It's not like Obama is raising taxes to some historically unprecedented levels. If people have no money they can't contribute to our economy in the first place. When the bottom falls out, those falling bring down the rest of the economy with it. Saying that a few people help keep the bottom for starving/dying/off of medicare and welfare is wrong is stupid to me.
Raising taxes will help us help our country, and the money the rich give up in taxes they will eventually get back through the economy. However, if this recession hits hard and long their money and companies aren't going to be making money anyways.
