Most likely both, however burdening the wealthy with even higher tax rates won't work, they will simply leave the country.
This.
The whole notion of trying to punish those who make a lot of money doesnt make sense, many of them have a way to operate outside the system anyway, so whatll happen is they will just take and go around the system more.
The whole shit is fucked, people on the far end of both sides just point the finger, people with nothing want to take it from the people with lots, people with a lot of money want to keep more and give away less, and the people in between get fucked.
What ever happened to the middle of the road?
And as far as Obama is concerned, I agree that he totally fucked the pooch as far as the economy is concerned, as much as I hate to throw the words around like the extreme conservatives, Obama's stance really reminds me of a borderline socialist, everyone I know of that has come from communist/socialist countries have told me that hes taking us down the same road they went down, and that nothing good can come of it....