It looks like Obama is announcing more taxes today in addition to the taxes he proposed. Lets say people making over 250K only take home 50K, why take a higher stress job and just take the easier 50K Job? And a business, wont they just pass the tax down to consumers by raising the cost of goods and services? Which means consumers have to borrow further.
yes, they will pass it down to consumers meaning consumers are FORCED to spend more, thereby increasing our GDP which gets us out of the recession. Just like the saying goes...the rich get richer and the poor get poorer.
I noticed that too on what has become a DAILY press conference to announce his latest totalitarian "solution". Hopefully he won't start referring to it as "The Final Solution to the Capitalism Question". Then we'd really be in trouble.