The millionaire tax idea has already been tried and it failed miserably. Read it here.
This is exactly why we don't need the federal government dictating everything that must be done (or not done) by the states. The laboratory whereby we can learn from the successes and losses of others is built into our U.S. Constitution. Now that the federal government is going to lay an even heavier tax on the "richest 5%" we will get to witness Marylands failure on a nationwide level. So what happens when the "richest 5%" are no longer playing along with their game? The burden shifts downward; and when the next 5% stops - you guessed it - shifts downward even more. Meanwhile the burden for all the entitlement potentially becomes greater and greater as people from the top rungs of the ladder move themselves into position to receive benefits rather than pay for them.
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