A favorite motto of Gov. Martin O'Malley and leaders in the state Democratic Party is that the rich must pay their "fair share."
It was the philosophy behind hiking taxes last year on those making $100,000 or more and is the cornerstone of the progressive movement in the United States. Remember when then-candidate Barack Obama said in April 2008 that he was in favor of raising capital gains taxes "for purposes of fairness" even if it lowered revenue? Once elected, he has spent his presidency arguing for higher taxes on Americans making more than $250,000.