Trying to rouse the egalitarian and envious parts of his base (that is, most of it), Obama continues to demand tax increases on “the rich.” Suppose he got his way, perhaps by creating a “Tax Czar” who could simply order the changes. Would that mean additional billions flowing into the Treasury? Cato’s Daniel Mitchell explains why not here.

Does Obama not comprehend this, or doesn’t he care? It’s a close question, I think.