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  1. “You’ll drive yourself to madness if you try to draw lines between people who make money from producing worthy things and those who don’t. There will always be people who make a lot of money in ways you don’t think add value. Money doesn’t care how it’s made. Don’t bother fighting that. The 28 year old banker with a $2mm bonus is so much less poisonous than redistributive statism.”

    Worth repeating!

  2. Daytrading produces absolutely nothing either. You think that’s wrong too???

    And this as opposed to making overpriced clothing for people to show off with???? What does that “produce” for society??????

  3. You’ll drive yourself to madness if you try to draw lines between people who make money from producing worthy things and those who don’t. There will always be people who make a lot of money in ways you don’t think add value. Money doesn’t care how it’s made. Don’t bother fighting that. The 28 year old banker with a $2mm bonus is so much less poisonous than redistributive statism.

  4. “If some guy brings in $1b of business, he should make $100MM or more on that.”

    what about all the RMBS guys?

    they “earned” a ton of wealth, and produced absolutely nothing.

    it’s easy to “earn” a bunch when you have lobbyists spending tons of money to deregulate your industry.

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