Judge Napolitano: Obama Administration Doesn't Understand Economics 101

Judge Napolitano argues that the government makes an economic mistake when it raises taxes too high "because people that are able to control their income will defer it or receive the income in other ways, end up earning less and paying the government less."

He continued, "So, not only are the government's tax revenues down, but the economic activity generated by that wealth is down."

"They just don't understand the sort of basic Economics 101," he concluded.