Obama's theory of redistributive fairness is more important than a financial program that increases the nation's coffers.

<<<<<  Four years later,  Obama is talking about the very same thing - taxing the rich AND 100 million of the Middle Class,  not because it balances the books,  but only because "it is the fair thing to do."  And this is why his plan has been rejected by his own party.  WithObama,  fiscal responsibility is pitted against "fairness. "


In this clip (dated April 6, 2008),  Obama makes it clear that he does not care that lowering dividend taxes actually increases revenues [and increased revenues are critical to a balanced budget].  He makes it clear in this 2008 debate with Hillary,  that being "fair" is more important to him than bringing in increased revenues.  

More than this,  while he is telling us,  today,  that his "tax the rich" scheme only effects 3% of the nation's wage earners,  we learn from this debate that a full 100 million American ADULT investors would be effected by his increased dividend tax.  In other words,  he is talking about taxing the Middle Class, big time !!   Again,  understand that he does not care if the tax brings in increased revenues,  "it is the fair thing to do."