"In simple terms, the 1% are sitting on tons of money but are not investing it in creating jobs because there is no demand for goods and services because the 99% have little money to spare for new products."
You are either ignorant, or choose to ignore the facts.
1. If the 99% have no money it is because all the corporate taxes imposed on the "wealthy" are being payed by the middle class because the wealthy do not pay taxes, they pass it on in higher prices, lower wages, or lay-off's as explained here before. And you want to tax them even more. Anyone who thinks the wealthy will pay more taxes is a fool. All taxes trickle down and trickle up to the middle class.
Just an inquiry about the hypothetical situation which you've presented.
If the 1% have the ability to increase prices to offset any increase in taxes as you say, what prevents them from increasing them now (without any increase in taxes) and increasing their wealth even more?



