"IF you tax the rich (ceo, entertainers, "250K" plus people) , how will they make up the difference? Move to a more economical home? No, they will just raise the cost of product so they can make more money to sustain their standard of living."
BINGO! I'd also include
oil companies, corporations and practically any entity that has products or services to sell - they will all simply pass on any new tax, as they do with tax now, to the people that purchase those products and services, cut back on charity, cut jobs, etc - therefore, any tax proposal that hits those that make a lot of money turns into a tax on everyone at every income level - included poor people that don't pay income tax - they also buy products and services.
The fools are those in the middle and lower income brackets that 'feel' like something good is about to happen if BO wins. In fact, a few of those fools are posting here on a regular basis.