[lakertaker]

Plus this article seems to ignore how the coming inflation will affect people on top of the inevitable higher taxes.

The I remind myself, this is the NYT.

[trek]

You have this one right. Obama knows he cannot impose confiscatory taxes on the middle class right away. So the Obama plan for redistributive socialism involves three parts.

Part 1: Impose confiscatory taxes on the "rich" that are not indexed to inflation.

Part 2: Establish entitlements for the "poor" that are indexed to inflation.

Part 3: Create money with wild abandon and let inflation bring on the promised land of social justice.

So far the Sheeple are just lapping it up.