High earners are planning to reduce their incomes so that they will not have to pay as much in taxes.
This, of course, not only means that some people will take an income hit. It also means that an important segment of the population will be less productive economically. Cumulatively, this could have a very bad effect on the economy–especially when one considers its current parlous state.
“Heck of a job,” indeed. A purposeful economic saboteur could not do a better job at undermining the economy than this Administration is doing.