From Each According to Their Ability ...

Barack Obama promising to raise taxes on the top 5% of income earners - the eeeeeeeeeevil rich - one should be compelled to ask the question: Does Obama have any economic knowledge whatsoever?

Does he not realize that raising taxes on those people will hurt our economy and push it farther into the fiscal black hole? That extra money that he is going to force small business owners to pay could be used to create more jobs either within his own company or within other companies with which he does business? No matter how you slice it tax increases are wrong for our free market and our country.

I have often heard the argument that the rich should pay more taxes because after all they don't really need all that money and they can afford it.

I do not know about you but that sounds a lot like "...From each according to their ability to each according to their need..." which is straight from Karl Marx's The Communist Manifesto.