If I say to ten co-workers, "We all need to chip in together to get this done," and then say, "So, Todd, open your wallet and give five bucks to everyone else in the room," it would sound ridiculous. But when Obama says the same thing to 300 million Americans it's called "leadership."
"The problem with socialism," Margaret Thatcher once said, "is that you eventually run out of other people's money." What Obama is proposing isn't socialism — yet — but it runs into the same problem. You could take all of the money made by the richest one percent in this country and it wouldn't come close to covering government's expenses — even if those rich people for some reason kept working.