Posted by Brian
h/t to The American Thinker and Real Clear Politics
Hot on the heels of his interview with Bill O'Reilly, in which President Obama denied believing in wealth redistribution, the President tells the U.S. Chamber of Commerce in a not-so-veiled threat, that if companies increase their profits, those profits must be "shared" with workers. Coming from the President, this statement is a clear warning to business, that if they don't use their profits the way government thinks that they should, government may step in to redistribute them the way government thinks is "fair".
A socialist by any other name is still a Marxist.
Obama: Corporate profits must be 'shared with workers'
Nothing wrong with profit sharing - as long as it's a private transaction either between an employee and the company or the union and the industry.
But Obama's not concerned about that kind of setup. In fact, he makes it sound as if government would have a role in enforcing such profit sharing (video at RealClearPolitics link)
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