He told "Joe the Plumber" that it's good to "spread the wealth around."
For many years, President Obama has been trying to figure out the "trick" of how to structure systems that facilitate wealth redistribution because he "believe[s] in redistribution."
President Obama supports redistributive taxation, even though he knows that tax increases hurt.
One of the goals of wealth redistribution is to minimize the gap in income between the rich and the poor. But a much better goal is to increase the income of both rich and poor.
Margaret Thatcher, a highly successful Prime Minister of Britain, forcefully addressed this very issue.
President Obama's wealth-spreading might look a little like this (comic relief):
President Obama also knowingly makes policy decisions that will increase costs, thereby harming American businesses and consumers.
For example, he admits that the energy policy he advances will increase energy prices.
He also admits that he wants to increase the capital gains tax not in spite of the cost to taxpayers but because of the cost (in the name of fairness).
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