Taxation has long ceased to be a source of funding for basic government services such as defence, police, fire, the courts and basic infrastructure.  It has become a means to transfer wealth from those that produce it to those that don't. This is not a judgmental comment, simply a statement of fact.  Increases in further taxation on those that produce wealth will only end up reducing wealth for everyone.  It is, more importantly, morally wrong to steal the livelihood of those that produce wealth to support others.