Thursday, August 13, 2009

Gazillionaires--are they better than mere millionaires?

Whenever I see a story about some evil insurance executive or banker being paid "obscene" bonuses, I notice a deliberate effort by the lefty media to whip up "outrage." These people, we are told, make too much money.

Let's set aside the question of how much is too much money for another day. I have not heard any of my well-heeled relatives complain about having trouble spending their own money, for all they complain about the "greed" of others.

But the bias against the well-off goes into reverse when the subject becomes really filthy rich, like George Soros or Warren Buffett. Their wealth is somehow okay, especially if they back Obama or give a lot of money to left-wing causes. They are benefactors of mankind.

Being really, really rich places one in a different category from the greedy bankers and insurance executives who are destroying the country. Funny how that works.

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