In recent days, Gov. Sarah Palin (R-AK), has begun referring to Sen. Barack Obama (D-IL) as “Barack the Wealth Spreader,” referring to his proposed tax plan that would provide greater tax relief for lower income individuals than those with higher incomes. Obama recently explained his support for progressive taxation, saying, “I think when you spread the wealth around, it’s good for everybody.”

Palin contends that Obama’s characterization of his tax plan revealed him to be a “socialist” who wants to “redistribute” American wealth. Palin argues that the Obama tax plan “discourages productivity,” will “punish hardwork,” and will “stifle the entrepreneurial spirit.”

From ThinkProgress