Taxing the Rich
What an interesting little quote from a man who was at the helm of the most prosperous time in America… from Greenspan
“I must admit that I do not have considerable concern about their net worth going from 40 million to five million, which in many case is what’s happened.” (article)
I love the candor. The hedge fund blow ups via the credit crunch was a taxing of the really rich. And he did not care to act on it. As a ‘lttle guy’, and who thanks him for the volatility he helped create, I gotta love him.
