I agree completely

Reader comment on: Summers on Inequality
in response to reader comment: So True

Submitted by ben (United States), Nov 21, 2011 11:05

Distinctions are never as clear cut as we would like. A person can both create value and cause great harm, but I would argue that if Buffett or anyone else is able to create value by using money that he made from speculating in derivatives that harmed people, than that value was not worth it. Kind of like the head of a bank who sleeps well at night after implementing policies that ruin tens of thousands of peoples' lives because he came some money to the Met or the Opera - what a philanthropist!

What matters is that the wealthiest have more political pull than the rest. We are no longer "one person one vote" but are now "one contribution, one vote."

Note: Comments are moderated by the editor and are subject to editing.

Other reader comments on this item

Comment on this item