'Redistribution': Ominous or old hat?

It's the Joe the Plumber moment of the 2012 campaign. Mitt Romney has been trumpeting a 14-year-old video of President Barack Obama appearing to advocate -- egads! -- redistribution of wealth. Just as Republicans did in 2008, Romney makes it sound like Obama is supporting a dramatic new policy with socialist undertones. But as our two fact-checks today show, redistribution of wealth has been a fundamental concept in the U.S. tax system for 100 years. Full Story »

Posted by Pamela Hogle - via PolitiFact

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