The president's redistributive (socialist) leanings are well documented over the past few years, but hearing him specifically admit that he believes in it as a policy is valuable for those who might deny it - and having him say it way back early in his career (13 years ago) provides some sense of his commitment to anti-American ideals.

Another benefit to the tape is that it reminds us how brazen the president is being when he misrepresents his goals by saying things like this.