Shared Sacrifice (a.k.a. wealth redistribution)
President Obama told the National Governors Association in February 2011 that everybody, not just one group, must be ready to give up something to help push the U.S. economic recovery.
The President has repeated Shared Sacrifice recently in seeking to tax the rich to generate income to offset his wild spending.
Shared Sacrifice is euphemism for wealth distribution, the communist idea of confiscating from the rich.
Real Shared Sacrifice would exist when everyone shared the income tax burden. The Tax Policy Center estimated that
47% of all taxpayers would owe no federal income tax in 2009.
So why is there not a minimum tax rate, maybe 1%, for everyone so everyone has some skin in the game and everyone will care about what the federal government is spending?