We don't need socialism, we just need more redistribution from rich to poor

And this is why a second Obama administration, should there be one, must focus its attention on more broadly distributing the gains from growth. This doesn’t mean “redistributing” from rich to poor, as in a zero-sum game. To the contrary, the rich will do far better with a smaller share of a robust, growing economy than they’re doing with a large share of an economy that’s barely moving forward.

This will require real tax reform — not just a “Buffett” minimal tax but substantially higher marginal rates and more brackets at the top, with a capital gains rate matching the income-tax rate. It also means a larger Earned Income Tax Credit, whose benefits extend high into the middle class. That will enable many Americans to move to a 35-hour workweek without losing ground — thereby making room for more jobs.

It means Medicare for all rather than an absurdly-costly system that relies on private for-profit insurers and providers…

And it will necessitate a public educational system – including early child education – second to none, and available to all our young people.