Absolutely Jon!  Our society is living above its economic means to pay for that lifestyle.  Heavier rates of taxation will only serve to push those corporations to move where they can generate a profit (Return on Investment) .  If those investments do not pay, the investors/investments will invest in areas and locations that will generate a return.  A nation cannot TAX itself into prosperity.  The more money that is siphoned off of the state and national economic engines (for non-productive govt spending), the less money there is available to invest in productive ventures