Should We Hate the Rich?

| March 30, 2009

Yes, we should hate the Ponzi-scheming, bonus-binging, financial-engineering, value-destroying, tax-evading rich. The Madoffs, Stanfords, Kosloskis, Ebberses and Skillings of the world, who created their wealth and all-too-lavish lifestyles by perpetrating fraud and stealing from others rightfully should be detested. We should hate the Wall Street bonus-grabbers, and we should question the shadowy world of huge hedge funds and private equity wealth. But we should not tar all the rich with the same brush.