Skip to main content

Madoff opens him off and he has prove why people like him needed to be taxed at a high rate.

Bernie Madoff is going to have a nice seat in hell ready for him.  Literally, he is.  He is the real devil with horns. 

Has he learned the lesson of the last major meltdown.  The answer is no.  He is just has not learned his lesson about ripping off the public of billions upon billions of a Ponzi scheme.

So Mr. Madoff opens up his pompous mouth made the following remark as reported by the NY Daily news

Bernard Madoff, the heartless con man who lived the gilded life by ripping off investors in a $65 billion Ponzi scheme, says he’s “not a great fan of redistribution of wealth.”

The scam artist engineered a massive transfer of assets, duping thousands of people to part with their hard-earned money, which he took for himself.


Yet, in a jailhouse interview with Politico, he gave a thumbs down to Mayor de Blasio’s policies.

“I’m not a great fan of redistribution of wealth,” he said.

The outrageous line riled investors who lost everything to the mastermind of the largest Ponzi scheme in U.S. history.

It is exactly people like you, Mr. Madoff,  is why we need to place higher taxes on billionaries. People who hoard wealth upon the back of others and then let other people suffer because of their greed.

To a less extent, people who want policies that will lead to further personal enrichment over policies that would actually grow the economy and decrease in equality are the real pompous ass.  But these people are not the target of this post.

It is people like Madoff who have made people bankrupt and lost everything have no understanding of the ramifications of their actions.  These people have no concept of the level of personal destruction that they have cause others.

These are the people are the poster boys on why the wealthy cannot be trusted to hoard unlimited amounts of personal wealth.  A tax on greed is an moral act itself because it puts a disincentive for people to engage his sociopathic behavior like Madoff did.

Your Email has been sent.
You must add at least one tag to this diary before publishing it.

Add keywords that describe this diary. Separate multiple keywords with commas.
Tagging tips - Search For Tags - Browse For Tags


More Tagging tips:

A tag is a way to search for this diary. If someone is searching for "Barack Obama," is this a diary they'd be trying to find?

Use a person's full name, without any title. Senator Obama may become President Obama, and Michelle Obama might run for office.

If your diary covers an election or elected official, use election tags, which are generally the state abbreviation followed by the office. CA-01 is the first district House seat. CA-Sen covers both senate races. NY-GOV covers the New York governor's race.

Tags do not compound: that is, "education reform" is a completely different tag from "education". A tag like "reform" alone is probably not meaningful.

Consider if one or more of these tags fits your diary: Civil Rights, Community, Congress, Culture, Economy, Education, Elections, Energy, Environment, Health Care, International, Labor, Law, Media, Meta, National Security, Science, Transportation, or White House. If your diary is specific to a state, consider adding the state (California, Texas, etc). Keep in mind, though, that there are many wonderful and important diaries that don't fit in any of these tags. Don't worry if yours doesn't.

You can add a private note to this diary when hotlisting it:
Are you sure you want to remove this diary from your hotlist?
Are you sure you want to remove your recommendation? You can only recommend a diary once, so you will not be able to re-recommend it afterwards.
Rescue this diary, and add a note:
Are you sure you want to remove this diary from Rescue?
Choose where to republish this diary. The diary will be added to the queue for that group. Publish it from the queue to make it appear.

You must be a member of a group to use this feature.

Add a quick update to your diary without changing the diary itself:
Are you sure you want to remove this diary?
(The diary will be removed from the site and returned to your drafts for further editing.)
(The diary will be removed.)
Are you sure you want to save these changes to the published diary?

Comment Preferences

  •  What is a "tax on greed"? (5+ / 0-)
    Recommended by:
    FG, Shifty18, kck, HangsLeft, Balto

    People like Madoff who commit fraud should be prosecuted, as he was, and serve jail time, as he is doing.

    But virtually everyone is "greedy." I went to law school, for example, and I work a lot of hours because that way I'll make more money and be able to provide for a better life for my family.  That's "greedy."  We already have a tax on that -- it's called an income tax.  

  •  Just to be clear, are you proposing a wealth tax? (0+ / 0-)

    Like all of the 7 Deadly Sins, greed exists as a universal compulsion on a continuum of expression. Laws, regulations, enforcement, and yes, taxes, all serve to constrain, or not, these impulses so as to preserve society since universal self-control is highly unlikely.

    A good case can be made for a wealth tax these days - I like a periodic wealth tax perhaps times with the decennial census - yet those taxed may not all suffer inflated states of greed. Maybe you're just angry at Madoff's sense of blatant cluelessness and irony!

  •  Thank you (0+ / 0-)

    For spelling that out. I would have been far less eloquent.

    This diary seems to be written from the point of view that success is bad and anyone who is successful is just like BM.

    You best believe it does

    by HangsLeft on Fri Mar 21, 2014 at 11:08:39 AM PDT

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site