President Obama won re-election, the Democrats picked up a few seats in the House and retained control of the Senate, and so now here comes the Left once again to confiscate pretty much everything you have and have worked for.
When Warren Buffett first proposed raising the tax rate on "the rich," aka "guys like him," he meant raising taxes on the super-rich, say, those---like him---making over $25 million or even over $50 million a year. The threshold for "rich" then got lowered to those making over $1 million a year. And then, the threshold got lowered even more, to individuals making $200,000 and households making $250,000 a year. $200,000 a year is a far cry from $25 million a year...or even $1 million a year. But the reason they keep lowering the bar for those who will qualify for the higher tax rate is because they know that they could literally confiscate 100% of the assets of the country's wealthiest folks and that would fund the federal government for just a few days (right now, the feds are spending $10 billion PER DAY).
So, the Left knows it must constantly lower the bar as to whom qualifies as "rich," and in pretty short order, the bar will be lowered again. About 3 years ago, the Democrats on the Senate Budget Committee (led by Kent Conrad and who haven't produced an actual budget in nearly 4 years) suggested those who make as little as about $110,000 a year should be taxed at the highest rate.
That's coming. And it's comning because the Left needs to feed its ever-growing and ravenous beast of government. And the only way to do that is to go where the REAL money is: the middle class.
Today, Far Left kook Paul Krugman suggests in his New York Times column that Obama and the Democrats should insist on resurrecting a top tax rate of 91%. (Read his Marxist opinion here: http://www.nytimes.com/2012/11/19/opinion/krugman-the-twinkie-manifesto.html?ref=opinion&_r=0 )
Meanwhile, Treasury Secretary Tim Geithner just stated point-blank that he'd like to see the debt limit totally and permanently abolished to allow unfettered spending from here to eternity. (Read his words here: http://cnsnews.com/news/article/treasury-secretary-geithner-lift-debt-limit-infinity )
The Left, currently in charge and taking the country into bankrupcy and perhaps permanent decline, is now coming for you. Hide the children...and your wallets. Neither may OK for much longer.