Daniel Henninger in the WSJ on Obama’s taxation policy:
Turn to page five of Mr. Obama’s federal budget, and one may read these commentaries on the top 1% datum:
“While middle-class families have been playing by the rules, living up to their responsibilities as neighbors and citizens, those at the commanding heights of our economy have not.”
“There’s nothing wrong with making money, but there is something wrong when we allow the playing field to be tilted so far in the favor of so few… . It’s a legacy of irresponsibility, and it is our duty to change it.”
The “top 1%” isn’t just going to pay for these policies. Many of them would assent to that. The rancorous language used to describe these taxpayers makes it clear that as a matter of public policy they will be made to “pay for” the fact of their wealth — no matter how many of them worked honestly and honorably to produce it. No Democratic president in 60 years has been this explicit.
