June 15, 2009 4:46PM 

# New Video Explains Why Soak-the-Rich Tax Increases Are Misguided 

By [Daniel J. Mitchell](https://www.cato.org/people/daniel-mitchell) 

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The Obama Administration is proposing higher taxes on just about everyone and everything, but one common theme is that most of the tax increases are being portrayed as ways of fleecing the so-called rich. This new video, narrated by yours truly, provides five reasons why the economy will suffer if entrepreneurs and investors are hit with punitive taxes.

As always, any feedback on message and style would be appreciated.

##### Related Tags 

[Tax and Budget Policy](https://www.cato.org/tax-budget-policy) 

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