“I’m no fan of Obama’s tax plan, but what on earth justifies the assumption that the richest members of society are the most productive, or that their uses of capital are the most efficient?

No doubt that would tend to be true in a freed market, but in a system like the one we live under – a system of government-granted privilege to the corporate elite – it seems extraordinarily unlikely to be true; and indeed the evidence is pretty overwhelmingly to the contrary.”
– Roderick Long