Obama wanted to raise capital gains rates even if the government got less revenue because of "fairness." Evidently he likes taking people's money away. What he doesn't explain is why this makes anyone better off.

This rereleased AEI classic presents the views of two distinguished tax experts on progressive taxation.

The likely confirmation of Sotomayor and the possibility of future Obama appointments could change the balance on a court that has been closely divided on many major cases. But that seems unlikely to change the thrust of Thomas' jurisprudence.