The thing that I find comical about this discussion is that how the Obama Administration actually consider $250K a year wealthy. And here's the rub, when these taxes are implemented and they do NOTHING other than feed the Washington spending pig, who will we then go after? Who will be "wealthy" then? Eventually we'll be talking about $100K a year being wealthy. And then pretty soon anyone that has more than you will be considered "wealthy".
lets see, there are about 150-200,000 high speed transactions per second on a normal trading day. Taxing each with 1 cent that could be $20,000 per second, which would be half of the federal debt increase.