Raising taxes on one segment of the population based on income is bigotry.”””
It certainly is discrimination.
An old thread with a 1939 conservative booklet (”The Revolution Was”) about FDR and the New Deal. It’s all happening again, almost down to the same wording that Obama uses. It is a long booklet, but here is an excerpt as “obscene profits”.
http://www.freerepublic.com/focus/f-news/2185147/posts
..... “We cannot go back to the old order,” said the President [FDR]. And this was a very hateful counter symbol, because the old order, never really defined, did in fact associate in the popular mind with the worst debacle in the history of capitalism [the Crash of ‘29].....
Large profit as such becomes therefore a symbol of social injury, merely because it is large; moreover, it is asserted that large profit had long been so regarded by the government and penalized for that reason.
Of all the counter symbols this was the one most damaging to the capitalistic system. Indeed, if it were accepted, it would be fatal, because CAPITALISM IS A PROFIT AND LOSS SYSTEM and if profits, even very large profits, are socially wrong, there is nothing more to be said for it [capitalism].
But it was a false symbol, and false for these three reasons, namely: first, there is no measure of large profit; second, large profits are of many kinds and to say simply that large profits are “of course made at the expense of the neighbors” is either nonsense or propaganda, as you like; and; in the third place, the history is wrong....
So, what the New Deal really intended to do, what it meant to do within the Constitution if possible, with the collaboration of Congress if Congress did not fail, but with war powers if necessary, was to REORGANIZE AND CONTROL THE WHOLE ECONOMIC AND THEREFORE THE WHOLE SOCIAL NETWORK OF THE COUNTRY.
And therein lay the meaning — the only consistent meaning — of a series of acts touching money, banking and credit which, debated as monetary policy, made no sense whatever.