Redistribution of Wealth

"Put yourself back 10 years ago," Obama tells a hard-working plumber for whom Obama admits he wants to cap the American Dream at $250,000.

From The New York Post's recap of the exchange:

Wurzelbacher said he planned to become the owner of a small plumbing business that will take in more than the $250,000 amount at which Obama plans to begin raising tax rates.

"Your new tax plan is going to tax me more, isn't it?" the blue-collar worker asked.

After Obama responded that it would, Wurzelbacher continued: "I've worked hard . . . I work 10 to 12 hours a day and I'm buying this company and I'm going to continue working that way. I'm getting taxed more and more while fulfilling the American Dream."

"It's not that I want to punish your success," Obama told him. "I want to make sure that everybody who is behind you, that they've got a chance for success, too.

Then, Obama explained his trickle-up theory of economics.

"My attitude is that if the economy's good for folks from the bottom up, it's gonna be good for everybody. I think when you spread the wealth around, it's good for everybody."

Critics said Obama let the cat out of the bag.

"It's clear that his main goal is redistribution of wealth, not growth," said Andy Roth with the anti-tax group Club for Growth. "He's perfectly happy to destroy wealth as long as he can redistribute it."

It's not a "Robin Hood" tax plan. Robin Hood fought a confiscatory government. Obama is Prince John with the backing of the mob.