Penn and Teller have constructed a short piece which includes clips of President Obama explaining his philosophy on taxes. The segments come from the Democratic primary debates, but his recent FY2010 budget proposal proves that he hasn't changed his mind. This clip shows that Mr. Obama knows that higher taxes will decrease tax revenue because they decrease profits. He knows that raising income and capital gains taxes will actually retard economic growth and recovery---but he's going to do it anyway.
Because it's not fair that the "rich" have more money (and he wants to spend it.)
Reminds me of when I have to tell my children we can't afford something and their retort is "But it's not fair!!" (Insert whiny high-pitched voice and stamping feet.)