A number of millionaires are fine with their taxes being raised. I myself could live with slightly higher taxes, though I don’t like the idea of going higher than the Clinton era levels on federal taxes. The Clinton-Gingrich era was not a bad one economically. I voted for Prop 30 because it had an increased sales tax component that hit the general public as well. I won’t vote for any initiative that raises taxes only on the rich, except maybe excise taxes on luxury items like yachts. In a way, if we go over the fiscal cliff, as I expect we will, it will not be a bad thing, because it will affect everyone, not just the rich.

In response to: “Millionaires to Congress: Take our taxes, please” by Josh Richman at Political Blotter