I believe that it is more in line with President Obama and leftist ideology that government can allocate the wealth of the nation more 'fairly' and more 'effectively' than the individual. Private ownership gets in the way. So it makes sense to tax the heck out of industry and the individual. Shift all ownership to the government and we will all be better off.
Not exactly an American concept. However, this is much of the "Fundamental CHANGE" that President Obama promised.