Barrons: Millionaires Won't Sit Still for Higher Taxes
This dovetails with the article I posted last night about U.S. citizens becoming former U.S. citizens to avoid taxes, though the methods described in the Barron's article are far less drastic. Bottom line: the minority of people being targeted here are a moving target (and they can afford to be very mobile). Unless they think the purpose of an individual human life is to support the whims of government (doubt that), then move they shall: leave New York for Florida, buy municipal bonds, offshore; the list goes on.
I also saw this U.S. News and World Report article: 3 Myths About Mitt Romney and the Rich
This one fits the theme I have going here this morning, too. This is all old hat stuff to people who are familiar with the topic, and it probably won't change the minds of the envy class about anything (it's nearly impossible to convince someone of the falsehood of their religion). The article does contain at least one gem that, old or new to you, is worth repeating again and again: wealth is not a zero sum game. Again: WEALTH IS NOT A ZERO SUM GAME.
Finally, on the SOTU address, read through this article at Zero Hedge: President Obama's State of the Union: Ten Skirted Issues
Good read, but I hope that Prins is wrong about her conclusion.