With so much talk about taxes in the US, and whether it’s fair and / or a good idea to remove tax cuts from the affluent, here is an excellent blog post about the topic.
Taxing the affluent has its negatives, the author says – and it must be done only when the benefits outweigh those negatives. But, in the present economic scenario:
It sucks a bit for the rich to have slightly fewer resources—but it sucks a lot for the poor who don’t have enough to begin with.
I agree with the author. Go read, it’s an excellent article.