Obama's tax plan

I really don't like Obama's taxation plan. Oh sure, it sounds good. It sounds good to say that we should distribute some of the wealth to the poor.

The thing is, it's foolish. Money is not a zero sum game. Any economist knows that society should be creating wealth. When the economy is sluggish, the government should attempt to encourage the spread of businesses and the creation of new jobs. When business owners are taxed too heavily, that can't happen. You've got to reduce the risk and increase the potential rewards.

And Obama's tax plan will do the opposite.