These are excerpts from an article by Adam Lerrick, professor of economics at Carnegie Mellon University, for the Wall Street Journal. His analysis of the Obama tax plan is not only scary but shows clearly the "share the wealth" of his tax policies.

Barack Obama is offering voters strong incentives to support higher taxes and bigger government. This could be the magic income-redistribution formula Democrats have long sought.
 
Sen. Obama is promising $500 and $1,000 gift-wrapped packets of money in the form of refundable tax credits [cleverly called tax cuts]. These will shift the tax demographics to the tipping point where half of all voters will receive a cash windfall from Washington and an overwhelming majority will gain from tax hikes and more
government spending.
 
In 2006, the latest year for which we have Census data, 220 million Americans were eligible to vote and 89 million -- 40% -- paid no income taxes.

...In all, three out of every five voters will pay little or nothing in income taxes under Mr. Obama's plans and gain when taxes rise on the 40% that already pays 95% of income tax revenues.

The plunder that the Democrats plan to extract from the "very rich" -- the 5% that earn more than $250,000 and who already pay 60% of the federal income tax bill -- will never stretch to cover the expansive programs Mr. Obama promises.
 
What next? A core group of Obama enthusiasts -- those educated professionals who applaud the "fairness" of their candidate's tax plans -- will soon see their $100,000-$150,000 incomes targeted. As entitlements expand and a self-interested majority votes, the higher tax brackets will kick in at lower levels down the ladder, all the way to households with a $75,000 income.

 ...Voters who benefit from government programs will push for higher tax rates on higher
earners -- at least until those who power the economy and create jobs and wealth stop working, stop investing, or move out of the country.
 
Other nations have tried the ideology of fairness in the place of incentives and found that reward without work is a recipe for decline.

Karl Marx said, "From each according to his abilities, to each according to his needs." Does not this describe the Obama tax plan?

For the full Wall Street Journal article click here.