What is wrong with "Tax the Rich" philosophy

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Taxing the rich always sound great. They make up a small portion of the voters and are not a threat to the politicians and re election. President Lincoln signed the first Income tax law that was to tax the top 1%. The income tax was brought back in 1894 again taxing the top 1%. This law was declared unconstitutional by the Supreme Court. In 1913 the Sixteenth Amendment voided the Supreme Court Decision and again put the tax burden on the top 1%. In 1942-43 the government of FDR pulled of the biggest snow job on the American people by offering to for go the quarterly tax payment for a more affordable and easier "pay as you go" employer withholding of your tax bill. Now instead of paying a large quarterly tax you pay a smaller tax each week. The government had public service ad with people telling how this was much easier than trying to come up with a big tax payment each quarter. It also made raising taxes easier because most people would not notice the increase if done in small amounts. If you owe a tax bill of $1200 per year and you pay quarterly your bill is $300. If you pay it weekly it is $23. Since most people are paid by the hour and their wages varies slightly form week to week a 5% tax increase would be an increase of $60 a year, $15 a quarter bot only $1.15 per week. Most people would not notice it and if they did it is so little they see no harm done. What does this mean to you. No matter how they tax the rich the middle income people will pay sooner or later. In 1939 6.5 million people were paying income tax. After withholding was started in 1943 you saw a rise in the number and by 1945 48 million people were paying income tax, a tax to "Tax the Rich". This post was based on a paper Income Tax Withholding: Why "First Dibs" for Uncle Sam Leaves Taxpayers Finishing Last NTU Policy Paper 106 by Mark Schmidt Jul 29, 2002 http://www.ntu.org/main/press_papers.php?PressID=256&org_name=NTU I would suggest you read the paper and then think about it the next time a politician talks about taxing the rich.