Obama’s first budget is already being labeled a Robin Hood Budget because it will raise taxes on the well-to-do and reduce taxes for the less fortunate.
Obama’s budget would dramatically increase taxes on the wealthy, while cutting payments and subsidies to insurance companies, pharmaceutical companies, agribusiness and defense contractors -- and mandating a system to charge polluters for their carbon emissions.
It would, in short, reverse the redistribution of wealth that took place during the Bush era. This time, the rich will be subsidizing the poor, not the other way around.
I think this is a healthy change for our country, but I do recognize that it is going to be rough on all those poor rich people. So I want to make a standing offer right now for any rich people who are unhappy about the prospect of paying higher taxes. I will take their heavy, oppressive tax burden onto myself (and their heavy income as well, of course) and give them my comparatively light and miniscule tax burden (and my teeny-tiny salary to boot). I’m sure there are other brave people out there like myself who would be willing to offer the same deal to any struggling rich people. So fear not! We are here for you.
Any takers should feel free to leave a comment on my blog.