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jeff jacoby

Thanks, Obama, but wealth is not theft

There is nothing new under the sun, including politicians who seek to win votes by milking the gap between rich and poor.

Today it’s Barack Obama, demanding a “Buffett rule” and decrying the harm caused when “the gap between those at the very, very top and everybody else keeps growing wider and wider and wider and wider.” Not so long ago it was John Edwards, intent on riding his “Two Americas” stump speech (“One America does the work while another America reaps the reward”) all the way to the White House. Earlier still it was FDR, lambasting the wealthy who “did not want to pay a fair share” and boasting that he’d “increased still further the taxes paid by individuals in the highest brackets” because that was “the American thing to do.”

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