Income taxes are not enough. My sources say that The Obama Administration is quietly planning to confiscate the bulk of the net worth from individuals like Bill Gates, Warren Buffett, George Soros, The Koch Brothers, et al. Borrowing from the elitist mantra of “nobody NEEDS a gun,” Obama and Pelosi state that "nobody NEEDS to be a billionaire." Their plan is to strip everyone’s assets to a level no greater than “a few million dollars each” and then use the proceeds to create a government-subsidized minimum wage of $450,000 annually per person, thereby negating the need for any other government social program.
(BTW, this was an April Fools Day entry in case you were wondering)