Increasing taxes on the rich will mean increased prices and less jobs for the rest of us.

To demand that the rich pay their "fair share" in taxes sounds good in theory - but will spell disaster for the rest of us in practice. How do you think most of the rich became rich? By owning businesses that produce goods and services that the rest of us buy! Now what do you think will happen when they increase taxes on the rich? They will simply pass them on to us in the form of increased prices on the goods and services we buy! It is either that, or lay off more employees! Perhaps it will be both. The other problem with raising taxes on the "rich" is what defines "rich"? According to the President, people who are "rich" are those making over $250,000 a year. I don't know about you, but that isn't my definition of "rich". In my opinion, someone isn't truly rich unless their making at least $1 million a year. But that's the trouble. The definition of "rich" is just someone's arbitrary opinion, and may be subject to change. We may see down the road (and I fully expect to see this if Obama is re-elected) when this approach of increasing taxes to help the "economy" fails (which it will) that the defintion of "rich" will continue to scale downward. Next, it will be people making over $150,000 a year. Will you be targeted next? And don't forget - some of the people earning these salaries are small business people who will also have to increase prices and lay people off. It is higher taxes and an anti-business attitude (among other things) that has driven companies overseas and caused our economy to falter. The President claims to be trying to help the "economy". But what is the economy but businesses, both large and small, who contribute goods, services and jobs to the economy? Rather than "punish" those with the ideas and drive which have made our country great, and have greatly improved the lives of people here and elsewhere in the world, we should be encouring businesses that have left our country to come back through tax incentives, not increases! We should be giving incentives to people who want to start their own businesses - not discourage them because they know, right off the bat, that they will be facing higher tax rates than before! For those of you who feel "downtrodden", I suggest you look elsewhere for the blame other than the rich. Many people have come to this country with absolutely nothing - and have risen through the ranks to realize the American Dream of becoming more free and prosperous. No one is going to "give" you what you desire without unjustly taking it from someone else. You have the OPPORTUNITY in America, like nowhere else, to fulfill whatever your dreams may be. Yes - it might take long, hard work. Yes - it takes thinking outside the box, doing your research. But you are being lazy in your thinking when you just look at want ads and think some dream job is just going to magically appear for you without any mental or other effort on your part. My family came to this country poor - some so poor they lived in sod houses with dirt floors. They managed to raise themselves up. Take a hard look at yourself instead of pointing the finger at the "rich". If my family could make it, why can't YOU?