Not an excuse. But, a reason. My posts on John McCain being a redistributor and socialist are in response to these attacks on Barack Obama (see video below). I'm not saying McCain is bad for wanting to spread the wealth around. Nor is Sarah Palin bad for spreading the wealth around Alaska. To the contrary. I think it's a good thing. But, they are both accusing Obama of being something sinister for proposing things they have both supported- progressive income tax, refundable tax credits and "sharing the wealth".
Just last month, in an interview with Philip Gourevitch of the New Yorker, Palin explained the windfall profits tax that she imposed on the oil industry in Alaska as a mechanism for ensuring that Alaskans "share in the wealth" generated by oil companies. [...] In fact, Alaska's Clear and Equitable Share (ACES) program, which manages the redistribution of oil wealth in Alaska, brings in so much money that the state needs no income or sales tax. In addition, this year ACES will provide every Alaskan with a check for an estimated $3,200. As Hendrick Hertzberg notes, "Perhaps there is some meaningful distinction between spreading the wealth and sharing it ... but finding it would require the analytic skills of Karl the Marxist."To quote Sarah Palin:
And Alaska—we’re set up, unlike other states in the union, where it’s collectively Alaskans own the resources. So we share in the wealth when the development of these resources occurs. … It’s to maximize benefits for Alaskans, not an individual company, not some multinational somewhere, but for Alaskans.