Originally Posted by Villages Kahuna

No, I really don't. Even with the increased taxes, the marginal rates for the top 3% of earners will still be at historical low levels. Even if some small business owners achieve the $250,000 to $300,000 taxable income to get into this category, the tax rates will still be low enough not to disincent people from making the effort to make this much money.

I don't believe that either, for much the same reason as stated above. In fact, if the pattern of the last 20-30 years were to be permitted to continue--the rich continue to get richer and the poor continue to struggle with no increases in real income--that really would result in class warfare.

I might even argue that class warfare has already begun. The lowest income classes have not enjoyed any gains in real income in more than a decade, while the wealthiest Americans have enjoyed real and significant gains in real income during the same period. The result was a landslide election victory for liberal candidates in 2008, who are now legislating for the benefit of the lower classes. Even as obvious as this pattern seems to be, there is no significant upswelling of conservative political action or candidates to reverse this pattern. We may not like it, but class warfare might have already begun.