No rich people, no taxes from rich people.

Russ Steele

Randy Hoven has an interesting set of charts at tables at the American Thinker. The chart showes the total  incomes of those making over $200K and over $1M per year from 2006 through 2009.
The total income on those making over $1M was cut almost in half from 2007 to 2009.  The tables show the decline in tax revenue.


For class warfare to be effective you have to have "rich people" to tax. As the number of "rich people" decline, they hide their money, or they do not work as hard, or regulations syphon away revenue, resulting in fewer and fewer targets to tax, thus revenues decline. 

If the trend above continues, Obama will soon run out of people making over 200K to tax, what a conundrum!