Seems to me the movement of the world's wealthy to the US is going to have the effect of increasing the size of this 1%.
What this statistic also illustrates is trying make the 1% 'pay their share' may not actually generate much revenue since they have the ability to structure their finances to protect them from the taxman.
Millionaires have a mysterious way of vanishing from states that institute such taxes. Maryland imposed a millionaire tax in 2008; a year later, a third of its millionaires disappeared from its tax rolls. After Oregon raised income taxes on the richest 2 percent of its residents in 2009, about one-quarter of rich filers went missing.
Edited by TimG, 09 November 2011 - 03:42 PM.