Something Meaningful

robot-heart:

“There is a huge ‘moral hazard’ problem here, says Nouriel Roubini, co-founder & chairman of RGE Monitor, where Wall Street firms have privatized their profits and socialized their losses.”

For those of you who are critical of taxing large corporations and the super-wealthy on the grounds that it is “wealth redistribution,” I want you to think long and hard about this statement and what it means in terms of where wealth is, and is not, being redistributed.