Some argue that the money we get, as long as we get it according to what Congress and the Supreme Court call legal, is ours, and we shouldn't really have to pay any tax at all. Others believe that the wealthier you are the more the system benefits you. For instance, wealthy people are in much stronger positions to invest and spend, so many wealthy people did far better than middle class people by pulling money out of the market while it was still high and diversifying or improving their quality of life. In addition, wealthy people benefit more from our tax dollars than other people because they are better positioned to profit off government investments, such as the stimulus bill. At any rate, how much would a millionaire's tax yield? A small tax on people receiving over a million a year would generate a substantial amount: "Let's say we go with the plan of taxing marginal income above $1 million at 3 percent, and marginal income above $5 million at an additional 3 percent. That would produce a theoretical $39 billion per year. However, there would be some productivity losses, and perhaps some additional offsets resulting from people finding ways to transfer their income into more tax-advantageous activities, so perhaps revenues on the order of $35 billion per year, or $350 billion per decade, are more realistic." FiveThirtyEight: Politics Done Right One could only imagine how much more quickly we would reduce our deficit if we returned to the tax rates of the Eisenhower or Kennedy years, years that many American consider economic heydays, when unemployment was low, most families could manage okay with a stay-at-home parent, social services were good, and crime was low. It's interesting to note, how our low tax eras led to terrible economic crises as the chart suggests: Historical Top Tax Rate Seems to me a millionaire's tax would be a good step in strengthening our economy.