Obama - B.O or B.H.O?

Now that he won his place in the white house, perhaps it's time to wield his diplomacy and use his middle name - Hussien?

Here's an interesting piece on Obama's tax policy. In view of increasing income inequality- the past couple of years have especially seen drastic rise in income disparity - a 4% shoot up in tax on income >$250K doesn't seem outrageous to me. It doesn't qualify as socialism.
http://www.newyorker.com/online/blogs/stevecoll/2008/10/that-which-is-n.html

I'm interested to learn about the impact of his tax plan on Hedge funds and PE firms - considering a raise of 20% in capital gains, making it 35% from 15%.