Why The 1% Need To Worry About The 99%

Bloomberg Businessweek (h/t Ritholtz):

As rich and poor drift apart, the constituency that favors redistributive tax and spending policies grows. “The guys who are falling behind don’t see much hope of getting ahead and therefore are more focused on redistribution,” says Rajan. Ultimately, unbridled inequality threatens social stability as rich and poor nurse their mirror-image resentments.

This is what the Republicans need to remember.  If they don't want confiscatory tax rates, they need to raise taxes on the wealthy some.  Otherwise, the call for steeper and steeper taxes will grow, while the Republicans' political support wanes, and taxes will skyrocket.  They need to think of it as relieving the tension on an earthquake fault, which is much better than if the stress builds up until the Big One.