A new term for the same old class warfare distraction, cuddling the super-rich.
I hate to break this to you Naus but soaking your so-called super rich will accomplish next to nothing and is simply a slogan to try and distract people from the real problem.
Let's take a quick look at what soaking the rich...uh, I mean the new "super-rich" would accomplish. Obama claims that soaking the "super-rich" will generate will boost revenues by $750 billion over a decade.
Except, that $750 billion over a decade is $75 billion per year out of a deficit that is running a trillion a year for the last three years.
In other words, simply taking money away from the wealth generators who could reinvest it, and giving it to politicians to doll out for votes, is sound economic principles in this situation rather than actually fixing the real problems.
20,000 years ago the Chicago area was under more than a kilometer of ice, the oceans were 120 meters lower; that was nature. In the last 200 years there have been some very minor changes; that's our fault.
“We have declared unconditional war on poverty. Our objective is total victory. . . .I believe that
thirty years from now Americans will look back upon these 1960s as the time of the great American Breakthrough . . . toward the victory of prosperity over poverty.”! (LBJ, 1964)