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Thursday, October 14, 2010

Question of the Day

Dear Rob Reich,

First, I can't believe I'm presumptive enough to ask you a question.

However, if with capitalism, there is a tendency for "the rich to get richer" and we rig it politically, so that, during booms AND busts, the rich get richer, then isn't that the wrong set of incentives?

If we imposed a "penalty" rate on the wealthy for fallout from unregulated messes and lax oversight, isn't that the way to make them think twice about paying for lobbyists to water down legislation regarding oversight or regulation, to actually exercise and demand foresight, instead?

Just wondering,

Citizens against artificial property-tax limits-cum-incentive-distortion