The economic logic defies belief. Obama not only wants to increase taxes for those earning over $250,000 a year while increasing government services to those less productive. Now wait a minute. By a redistribution of government services to those less productive, an increase in minimum wage, and increasing the price of wholesale goods will increase the costs of to those making less than $250,000 a year at a time when it is least able to afford the increase costs. If one would do an independent analysis of percentage of taxable income on wealthy, they would find out that the wealthy now are paying 4% more in taxes than they were a decade ago, while a decade ago the middle class was paying 8% less than now. That is a 12% difference in taxable income between wealthy and middle class, all the while supposedly the middle class was receiving tax breaks with earned income credits and such. If it hasnt' worked yet, what makes Obama think it will work now? All it will do is send more businesses overseas, more fossil fuel developement overseas, and less money availble here in the US for those wanting to work for it. Also, the incentive to gain wealth is reduced beyond a point as government benefits will no longer be applied to those making over a certain amound and thus increase taxable income. The net results is more poverty level, higher costs to middle class, higher taxes to middle class, and less income for non necessary spending. This results in reduced goods and services bought in the US and higher trade deficits. Someone obviously doesn't understand economics and resultant deficits, when competitive capitalistism keeps goods and services within means while government intervention has increased those costs. Also, as the median income increases, so does the taxable percentage rate. The taxable percentage rate increases will pay for inflated costs of goods, services, and national debt. This is a typical method Democrats use to say they did not increase taxes. They increase the costs, increase minimum wages with the result of higher taxes whille less purchasing power. Don't increase the taxes, just appraise the property higher and the taxes will increase.