Obama Adminisration Admits Tax Hikes Symbolic

When President Obama says he wants to tax he rich, he is only doing it for symbolic reasons, not for sound financial reasons.
From Fox News: President Obama aims at corporate fat cats when he calls for a tax increase on companies that own private jets. But he hits an American manufacturing industry that is just starting to show life after years of slumping sales and thousands of job losses.
Most business aircraft are made in America, and the companies and unions that produce them don't appreciate the president's rhetoric or his plan to raise taxes on private jet owners. They fear that both will hurt sales, costing them even more jobs.
"I think it's just insulting," said Steve Rooney, president of District 70 of the International Association of Machinists and Aerospace Workers in Wichita, Kan. "He acts like it is just a luxury for somebody to own a business jet when they're used as tools. And I don't think he realizes how many people that this industry employs and how much revenue is brought in here from those types of aircraft."
Obama's proposal would scale back a tax break enjoyed by the private jet owners but not by commercial airlines. The administration has acknowledged it is more symbolic than substantive: The tax increase would raise $3 billion over the next decade, but that's a tiny fraction of the $4 trillion in deficit reductions that economists say are needed to put the government and U.S. economy on sound footing.
Read more: http://www.foxnews.com/politics/2011/07/13/corporate-jet-tax-hike-hits-ailing-plane-makers/#ixzz1RyXlIKQa
When President Obama the liar says he wants to raise taxes on the rich, it is just for symbolic reasons and nothing more. Never mind that union workers are pissed and probably be laid off because of Obama's policies. It's not rocket science (though Obama is going to lay off rocket scientists)
Obama is trying to destroy the middle class and this is how he does it. Symbolism over substance.