Stewart Varney interviewed and exposes why taxing the rich won't solve the problem

MORRIS: So, if we talk about the rich side of this, and if income is taxed at a higher level, does that solve all the problems?

VARNEY: No, not at all. Let's go crazy. Let's, for example, imagine that we tax at 100 percent every dollar anybody makes over $250,000 a year. In other words, you take it all off them. You make $250,000 and $1, that $1 comes right off you -- goes to the government. You'd still only bring in $900 billion a year. You've still got a deficit of $750 billion, even with 100 percent tax rate above $250K per year. Now, let's suppose you go utterly insane, and totally illegal, and you confiscate the wealth, not the income, the wealth --

DOOCY: The stuff in the bank.

VARNEY: The -- your real estate, your stocks, your bonds, your yacht, your corporate jet, your business, just take it all off the 400 richest people in America. You confiscate the lot. You still balance the budget for just one year. And the year after that, you're back to a trillion dollar deficit, and plus you've wrecked the economy and ruined the Constitution. That's another story.