Obama once admitted that he knew that raising the capital gains tax would result in decreased revenues for the federal government. When asked how he could square this with what is best for the treasury, he said it was for “purposes of fairness.”
Obama’s class warfare agenda is reminiscent of the new Soviet Man described in Roads To The Temple.
Homo Sovieticus was envious of his neighbor who managed to earn more: “better that my cow dies than that my neighbor has two.â€Â The squalor of the Soviet village, concluded a leading economic essayist, was “retribution†for over five decades of “violating common sense, violating everything that urges man to a normal, conscientious labor.â€
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