From Pine View Farm

A Storm of Snowflakes 0

Paul Krugman offers a theory to explain why Wall Street hedge fund managers and the like are so hostile to Elizabeth Warren. He suggests that there is more to it than her proposal of a “wealth tax.” Here’s a bit from his article (emphasis added):

What, after all, does modern finance actually do for the economy? Unlike the robber barons of yore, today’s Wall Street tycoons don’t build anything tangible.


Now, human nature being what it is, people who secretly wonder whether they really deserve their wealth get especially angry when others express these doubts publicly.

Follow the link for his evidence.


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