A Hedge Fund Republic?

The Future of Capitalism – Mr. Kristof uses the word “controlling” rather than “earning” so as not to allow his readers to consider the possibility that the leticese earners might have done something such as work to create value so that customers were willing to pay them that compensation voluntarily.

He also doesn’t specify that this income share is probably pre-tax, pre-transfer-program income. The progressive tax system and the benefits that….

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