So what you’re basically saying is Goldman Sachs has contributed lots of value to society.
AIG? Countrywide? Washington Mutual?
WorldCom? Enron? Peregrine?
Mexican drug cartels?
Good grief.
Wealth is loosely correlated to contributions to society, but more often, it correlates with power and ownership of capital and resources.[/quote]
Exactly, gandalf. You hit the nail on the head.
This is why I support a progressive income tax, and why I believe ALL income should be treated equally. One could even make the argument that investment income should be taxed at a higher rate because the earner is less “productive” than someone who only has earned income.
