Originally posted on National Post | News:

In 2008, on the campaign trail amid a global financial collapse, Barack Obama’s stated desire to “spread the wealth around” clanged like a dropped wrench and made a media star of Joe the Plumber.

This week, in a stalled recovery, that very same sentiment made for one of his more rousing campaign lines, shamelessly tailor-made for an economic ballot question against the arch-capitalist Republican Mitt Romney.

In calling for a hike in income tax to 30% on those who make more than $1-million a year, Mr. Obama told Florida university students this week that, in America, “prosperity has never trickled down from the wealthy few. Prosperity has always come from the bottom up.”

[np-related]

That the rich should contribute more than their current share to the common good is a proposal with popularity. From Paris and London to Nova Scotia and Alberta, “tax the rich” has become a dominant theme…

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