Is Adam Smith a socialist?  Adam Smith said that the wealthy should pay a larger proportion of taxes than the poor, he even seperates taxes into those on the necessary (poor) and those on the luxury (rich).

The rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion. - Adam Smith

If Barrack Obama is a socialist, then so is Adam Smith.

Adam smith also believed that government should only be in existence to protect the people. Obama is also for huge government intervention and spending. Remember, Adam Smith invented Laisse Faire Capitalism.

Besides this thread is not about Obama as much as it is socialism. Then it again I do see how it is hard for people to seperate the 2.

Well I assumed it was anti-Obama since I'm sure you've called Obama a socialist before (it's on the list of anti-Obama cliches, after all). And I don't get the Midway analogy. Are you implying that they don't deserve money because their games are crappy, or because no one deserves Nintendo's money? Is Nintendo the government of the videogame industry? Are employees of Midway being laid off and forced to live in the streets? Are Midway employees unable to pay their mortgages because Nintendo decided that they should only be paid minimum wage?

The analogy is confusing, I must say.