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.
“Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy…The inherent virtue of Socialism is the equal sharing of miseries.” Sir Winston Churchill
I actually believe in global climate change; it's called seasons.
We need a larger can and a longer road isn't good economic policy.