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I think the 47% issue is perhaps a different problem that just reducing it to makers and takers, which I know a lot of folks want to do.
How do you effect entitlement reform if 47% of voters benefit from "entitlements" of one kind or another? How are we going to pay for all the spending that we are presently projected to need?
The whole "tax the rich" "make them pay their fair share" rhetoric was great, but I think most people concede that you can't fund it by taxing people with incomes at the level that most folks think can afford to pay more in taxes.
And I don't know a lot of people likely to be affected by the income caps you most read about, but for the ones I do (It's really one family-owned business), I do think it's plausible that they will scale back the volume of business they do and have more time with their families etc, than continuing to work ridiculously, long hard hours to basically see less take home pay. I don't think the country's going to collapse because of it or anything, but I do think it's possible that people's behavior will change. Incentives matter.
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