“It’s not that I want to punish your success. I just want to make sure that everybody that is behind you, that they have a chance for success too. I think when you spread the wealth around, it’s good for everybody.
Perhaps it was a slip of tongue but I sure hope he means it because he’s right spreading the wealth around is good for everybody. It is a sound economic policy and a laudable goal to have. Income inequality is one of the biggest problems in the United States and it is one of the underlying causes of the current financial crisis. Currently we are at the widest income disparity in the US since 1928 and people wonder why we are facing another economic meltdown. The two are not uncorrelated.
Still, I find Obama’s character an impossible bridge to cross in terms of a vote but if Obama does intend to move in the direction of a progressive income redistribution tax policy, he will have my support once he’s President. I would still like to hear him utter the phrase “it’s time for a single payer health care system.” But I will admit I like hearing Obama get more ’socialist’. Perhaps he is redeemable though it is awfully hard to trust him. It’s pretty clear to me at least that Obama is going to win and win comfortably at that. So I will now move to consider what we might we expect from an Obama Presidency. I will be hopeful and suggest that if the above is any indication, Obama might yet suprise us all. I am still not voting for him but I dare say I hope Obama means what he said.