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Reason Magazine is Goldman Sachs' Patsy?

There are some very good points in this video - and one very bad one.  The video emphasizes how much in taxes the top 1% of Americans pay.  Wall Street executies like Goldman Sachs CEO Lloyd Blankfein will pay a lot of money in taxes.  Is this unfair?  Wall Street executives should be out of work.  Instead, they are making record profits and earning record bonuses.  Somehow it's unfair for them to pay income taxes? Reason's moronic defense of the rich goes back to last week's post about libertarianism and the power elite.  In the United States, the richest people do not earn their wealth: They receive it from the government. How much less money would Goldman Sachs have sans the bailouts?  How many billions less in personal income would Halliburton executives have without two taxpayer-funded wars?  How much money would Wal-Mart family members make if it were unable to cut costs by using illegal immigrants - immigrants who consume far more taxpayer money than they supply?Wake up, libertarians...continue to full post

Full post as published by Crime & Federalism on April 13, 2010 (boomark / email).