Obama's press conference.

[Squilliam]

TheRealMafoo said:

Squilliam said:
^ You do realise that the overall % of wealth earnt per year by the 'rich' has increased since then inspite the lower tax rate? Also the people who earn the most actually benefit the most overall from the government as their most valuable assets, I.P. , property rights, legal rights etc are protected.

None of that matters, just the math.

Obama wants more money, and the proof shows that raising the rate on the rich, will not bring more dollars into government.

We can debate about the rich getting richer, or anything else you like, but the point is, he is expecting revenue that will not come in. When it doesn't come in, what will he do?

I don't see how your statement proved anything. If the total income relative to the rest of the people increased by X % and the tax rate decreased by Y % and the overall tax take remained static, how does that prove that increasing taxation would not increase revenue? Since they have more data than you and they knew it was the case then they wouldn't even bother. You may think that the government are idiots, but that doesn't mean that the people crunching the numbers for these 'idiots' are idiots themselves.