Yeah, you caught a big mistake.
Not trying to be a grammar nazi, just got confused by the statement.
Admittedly, I haven't heard of the book, so I'll have to check it out. By and large, most (if not all) costs, including taxes, are passed along to the consumer. So it seems to me raising corporate taxes will force a corporation to react in one or several ways:
* raise prices on goods & services and punish customers, which could result in selling less products and less revenues
* absorb the costs and pass it along to investors thru reduced eps and/or dividend payouts in some cases
* absorb the costs and punish your work force thru reduced compensation (i.e. wages, raises and profit sharing in some cases) as well as 3rd party developers; and it also threatens retention of good talent
* or a combo of some or all of the above
Any of these actions will affect investors (as stated not all are wealthy; most are hard working middle class), and most certainly the little guy (whether consumers or employees.) So I don't see how raising taxes or cutting into executive compensation benefits the low and middle class or anyone for that matter. It merely serves to punish the wrong target(s).