The President’s language puts us on a slippery slope. Under this approach we treat all tax revenues as if they originate within the government. We create moral parity between giving tax cuts and increasing government spending. We trust government officials to reallocate society’s resources to those whom they determine most need it while ignoring the harm done by the taking. By ignoring this harm we set no limiting principle on the government’s ability to take that which we earn and own and give it to others. We make the rich pay more since they have greater ability to pay and less need.
At the end of this slippery slope we find a general principle:
From each according to his ability, to each according to his needs.
Karl Marx (Critique of the Gotha Program, 1875)
Ring the bell, kids. School is out.