Paul Buchheit on commondreams.org lists the top ten reasons for why the Top 1% of earners should be taxed at a higher rate.
A quote from the article:
“Although our country is built on capitalism, wise American business leaders have recognized the danger of the “free hand” of unregulated open markets. Adam Smith, the father of capitalism believed that unrestricted businesses tend to engage in “conspiracy against the public.” John Kenneth Galbraith said “Capitalism left to its own devices, doesn’t work properly; it excludes the poor, ruins the environment, and fails to deliver enough collectively produced goods, such as roads, reservoirs, schools and hospitals.”
Full Article: Top 10 Reasons for Higher Taxes on the Top 1%