The redistribution of wealth

Apparently "the redistribution of wealth" is only bad when "poor" people get a piece of the pie.

The gap between the nation's ceos and average workers is now ten times greater than it was a generation ago. And while bush's tax cuts shaved only a few hundred dollars off the tax bills of most americans, they saved the richest one percent more than $44,000 on average. In fact, once all of Bush's tax cuts take effect, it is estimated that those with incomes of more than $200,000 a year -- the richest five percent of the population -- will pocket almost half of the money. those who make less than $75,000 a year -- eighty percent of America -- will receive barely a quarter of the cuts. in the bush era, economic inequality is on the rise. ...so where did all the economic growth go?

It went to a relative handful of people at the top. the earnings of the typical full-time worker, adjusted for inflation, have actually fallen since Bush took office. Pay for CEOs, meanwhile, has soared -- from 185 times that of average workers in 2003 to 279 times in 2005. And after-tax corporate profits have also skyrocketed, more than doubling since Bush took office. those profits will eventually be reflected in dividends and capital gains, which accrue mainly to the very well-off: more than three-quarters of all stocks are owned by the richest ten percent of the population. -

professor Paul Krugman in Rollingstone

The wingnuts are foaming at the mouth because they fear "redistribution of wealth" and calling Obama a socialist.

Question: What do they have to say about the shrub's "redistribution of wealth" that actually undermines America and it's future?