Income Redistribution: Obama’s new flip on taxes

Implicitly acknowledging the obvious, Barack Obama flip-flopped on his tax plan yet again by telling ABC Sunday he will not seek the largest confiscatory tax increase in history if the economy is in a recession because, he admitted, his tax plan would damage the economy. Obama’s metamorphosis began during 2007’s roaring economy, when the Chosen One wanted to use the government to heavily tax anyone he considered wealthy while simultaneously giving the “middle classâ€