Taxing the rich isn't meant to run the govt.. 10+ years of no taxation, under the guise of job creation, has been proven unsuccessful. What "big taxes" are you referring to?
Let's assume capital gains taxation returns to 20% (25% is preferable). Right now, many who do not actually qualify for cap. gains tax liability (hedge fund managers, for one) skirt taxation. Even so, the investors who pay 13% to 15% on investment, or to put it differently, KEEP 85%-87% of their profits, are going to stop investing in the same schemes because they only get to KEEP 75%-80%?
I don't think so. Similarly, the few who pay marginal tax rates are not going to curl up and die because they're paying another 4% on earnings over $250k.
I am honestly telling you that right now, republicans are furious. It's their own fault for convincing themselves that Romney actually had a chance after the 47% video aired.
I'm guessing you aren't aware that a full 1/3 of the Stimulus was tax cuts? The implementation of the program left a lot to be desired. It's easy for us to forget that very few of us ever experienced an economic disaster of that proportion. Had each state fully complied with the program, we might have had a different outcome
Instead, we have businesses reaping record profits, while the workers reap record low wages. It all boils down to this:
The Bush tax cuts worked very well for the supposed "job creators". They got their money. They just refuse to hold up their end of the bargain re. jobs.
It's time to get back to the old fashioned way of doing things. Everyone contributes to society.