Yet there is also a reason to think that the incomes of the wealthy could potentially have a bigger impact on others than in the past: as a share of the economy, they are vastly larger than they once were.
In 2007, the top one ten-thousandth of households took home 6 percent of the nation’s income, up from 0.9 percent in 1977. It was the highest such level since at least 1913, the first year for which the I.R.S. has data.
The top 1 percent of earners took home 23.5 percent of income, up from 9 percent three decades earlier
And barracko wants to raise taxes on these people. Without them guess who gets taxed next.