Quote for Today

One of the reasons why the Bush, and yes Reagan, tax cuts for the rich have helped to cause our economic crises is that most rich people are simply too irresponsible to be allowed to handle large sums of money. Giving them more money to throw around is just plain dangerous. If you want to dispute this, think about how many rich people fell for Madoff and similar scammers. Think of the bubbles irresponsible rich speculators have created in technology, gold, real estate, etc. If the majority of wealthy people invested responsibly, the Crash of 2008 would not have been possible.