The Locker Room

Deroy Murdock on the campaign to demonize the rich

Posted by George Leef at 11:01 AM

Deroy Murdock has a sharp column today on the campaign to demonize the rich, as recently exemplified in the rant by Vermont socialist Bernie Sanders on the Senate floor.

Murdock makes the point that some of the very rich acquired their money through political pull and knowing how to take advantage of opportunities for profit that would not have existed but for government interference in the economy, especially the winners in the great housing bubble. Instead of raising taxes on everyone, why not clean up all the cesspools that allow people with connections (for example, Fannie Mae's former director, Franklin Raines, who raked in a nice $80 million) to profit without risk?

» Return to posts for December 23, 2010

» Return to the Locker Room

Archive

<< December 2010 >>
S M T W T F S
      1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30 31  

John Locke Foundation

Carolina Journal Radio

Carolina Journal Online

© 2014 John Locke Foundation | 200 West Morgan St., Raleigh, NC 27601, Voice: (919) 828-3876
Privacy Policy | Terms of Use