Elizabeth Warren recently
announced that billionaires should "stop being freeloaders." Robert Reich helpfully explained:
Anyone who has a billion dollars either exploited a monopoly that should have been broken up, got inside information unavailable to other investors, bribed some politicians, or inherited the money from their parents (who did one of the above).
AEI, not exactly a firebreathing conservative site but at least a moderately sensible one, breathed a quiet protest after pointing out that, honestly, there are lots of OK guy who get rich by the stunning and unfair move of introducing a wildly popular and valuable product:
Calling for higher tax rates doesn’t make you a socialist. Nor does arguing for a more expansive safety net. But saying all wealth is, at best, undeserved and, at worst, pilfered, pinched, pocketed, and purloined? Well, you’re probably not much of a capitalist, that’s for sure.
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