Thomas Sowell on taxing the rich

Facts and the truth have never deterred politicians, especially democrats (socialists) from wanting to raise taxes on the rich.  Call it envy, call it expediency, call it demagoguery, call it what stupidity, and you'd be right on all fronts.  But never mind the real world where when taxes are raised beyond a certain point the wealthy seek ways to "shelter" income often to the point where they remove assets entirely from taxing authorities who want to confiscate their wealth.  This fact has been in play for decades and generations as Thomas Sowell points out here in his usual very clear and very straightforward manner.  But as long as envy is one of the seven deadly sins we will have Obamas trying their best to take from the rich and give to the voters who support them.  At this point in time there are now about equal numbers of citizens who pay any income taxes and those who pay none.  So right of the bat there's the possibility of 50% of the voting population to demagogue.  No wonder the career politicians like this approach.