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	<title>Comments on: Largest Eph Income in 2007</title>
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	<link>http://www.ephblog.com/2008/03/10/largest-eph-income-in-2007/</link>
	<description>All Things Eph</description>
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		<title>By: ronit</title>
		<link>http://www.ephblog.com/2008/03/10/largest-eph-income-in-2007/#comment-23178</link>
		<dc:creator>ronit</dc:creator>
		<pubDate>Tue, 25 Mar 2008 21:38:15 +0000</pubDate>
		<guid isPermaLink="false">http://www.ephblog.com/2008/03/10/largest-eph-income-in-2007/#comment-23178</guid>
		<description>God, I hate it when a thread gets that Ayn Rand smell.</description>
		<content:encoded><![CDATA[<p>God, I hate it when a thread gets that Ayn Rand smell.</p>
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		<title>By: rory</title>
		<link>http://www.ephblog.com/2008/03/10/largest-eph-income-in-2007/#comment-23177</link>
		<dc:creator>rory</dc:creator>
		<pubDate>Tue, 25 Mar 2008 20:54:29 +0000</pubDate>
		<guid isPermaLink="false">http://www.ephblog.com/2008/03/10/largest-eph-income-in-2007/#comment-23177</guid>
		<description>Joe--

thanks for knowing what I think. And if you think my vocabulary on this site is large, I highly recommend you look at some of the other posters for a far more impressive large (and often useless) vocabulary. Was it the word &quot;baseless&quot; that was too big? ad hominem? that was it, wasn&#039;t it? it simply means you attacked me instead of my idea.

if you think this statement: 
&quot;who should we rely upon to fund societal goods? Random acts of individual kindness or a society wide agreement for action?&quot; is communist, you have a really limited (and terrible) definition and opinion of democracy, and quite the broad (and high) definition of communist.

When exactly did I say anyone had to give away their good living? you keep putting words into my mouth, its quite frustrating and insulting. I do wonder why someone making $10 million in income is ok giving up, say, $4 million, but not 4.5 million or even $5 million?

I believe in a large estate tax. I believe in a progressive tax system that does not  shield investment income as though it were somehow more valuable than wage income. I do not believe corporations should receive much corporate welfare at all. That&#039;s about it. and your system would be what? and my system is like communism how?

just curious--how&#039;d you find this site? what brings you to ephblog and leads you to attack me out of the blue?</description>
		<content:encoded><![CDATA[<p>Joe&#8211;</p>
<p>thanks for knowing what I think. And if you think my vocabulary on this site is large, I highly recommend you look at some of the other posters for a far more impressive large (and often useless) vocabulary. Was it the word &#8220;baseless&#8221; that was too big? ad hominem? that was it, wasn&#8217;t it? it simply means you attacked me instead of my idea.</p>
<p>if you think this statement:<br />
&#8220;who should we rely upon to fund societal goods? Random acts of individual kindness or a society wide agreement for action?&#8221; is communist, you have a really limited (and terrible) definition and opinion of democracy, and quite the broad (and high) definition of communist.</p>
<p>When exactly did I say anyone had to give away their good living? you keep putting words into my mouth, its quite frustrating and insulting. I do wonder why someone making $10 million in income is ok giving up, say, $4 million, but not 4.5 million or even $5 million?</p>
<p>I believe in a large estate tax. I believe in a progressive tax system that does not  shield investment income as though it were somehow more valuable than wage income. I do not believe corporations should receive much corporate welfare at all. That&#8217;s about it. and your system would be what? and my system is like communism how?</p>
<p>just curious&#8211;how&#8217;d you find this site? what brings you to ephblog and leads you to attack me out of the blue?</p>
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		<title>By: Joe</title>
		<link>http://www.ephblog.com/2008/03/10/largest-eph-income-in-2007/#comment-23176</link>
		<dc:creator>Joe</dc:creator>
		<pubDate>Tue, 25 Mar 2008 20:25:51 +0000</pubDate>
		<guid isPermaLink="false">http://www.ephblog.com/2008/03/10/largest-eph-income-in-2007/#comment-23176</guid>
		<description>Thanks for the congratulations.  Congratulations to you, oh condescending one, on your large and useless vocabulary.

The reason I compared you to communist leaders is because, like them, you believe that wealth should be redistributed and everyone should share what they have.  Would you prefer that I call you Robin Hood?  

If someone&#039;s worked hard to make a good living, please tell me why they should have to give it all away.  It already happens to a degree, but apparently you think the wealthy should pay even more.  I&#039;d be interested in hearing your tax proposal.</description>
		<content:encoded><![CDATA[<p>Thanks for the congratulations.  Congratulations to you, oh condescending one, on your large and useless vocabulary.</p>
<p>The reason I compared you to communist leaders is because, like them, you believe that wealth should be redistributed and everyone should share what they have.  Would you prefer that I call you Robin Hood?  </p>
<p>If someone&#8217;s worked hard to make a good living, please tell me why they should have to give it all away.  It already happens to a degree, but apparently you think the wealthy should pay even more.  I&#8217;d be interested in hearing your tax proposal.</p>
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		<title>By: rory</title>
		<link>http://www.ephblog.com/2008/03/10/largest-eph-income-in-2007/#comment-22870</link>
		<dc:creator>rory</dc:creator>
		<pubDate>Thu, 20 Mar 2008 23:41:39 +0000</pubDate>
		<guid isPermaLink="false">http://www.ephblog.com/2008/03/10/largest-eph-income-in-2007/#comment-22870</guid>
		<description>ah, the ad hominem attack. congratulations Joe, you&#039;ve revived a dead post to make a stupid, baseless comparison between myself and &quot;communist leaders&quot;.

you seem to have missed the part in which i said &quot;a society wide agreement&quot;. also--you really think the american tax system is adequately funding social programs? If so, I have some people who want to sell you a bridge. it&#039;s in a great location...</description>
		<content:encoded><![CDATA[<p>ah, the ad hominem attack. congratulations Joe, you&#8217;ve revived a dead post to make a stupid, baseless comparison between myself and &#8220;communist leaders&#8221;.</p>
<p>you seem to have missed the part in which i said &#8220;a society wide agreement&#8221;. also&#8211;you really think the american tax system is adequately funding social programs? If so, I have some people who want to sell you a bridge. it&#8217;s in a great location&#8230;</p>
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		<title>By: Joe</title>
		<link>http://www.ephblog.com/2008/03/10/largest-eph-income-in-2007/#comment-22856</link>
		<dc:creator>Joe</dc:creator>
		<pubDate>Thu, 20 Mar 2008 19:14:49 +0000</pubDate>
		<guid isPermaLink="false">http://www.ephblog.com/2008/03/10/largest-eph-income-in-2007/#comment-22856</guid>
		<description>Rory,

I think there are a few Communist leaders who have beliefs similar to yours. Look into getting a visa. 

In the meantime, I&#039;m pretty sure progressive tax systems take these programs into account already.</description>
		<content:encoded><![CDATA[<p>Rory,</p>
<p>I think there are a few Communist leaders who have beliefs similar to yours. Look into getting a visa. </p>
<p>In the meantime, I&#8217;m pretty sure progressive tax systems take these programs into account already.</p>
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		<title>By: Rory</title>
		<link>http://www.ephblog.com/2008/03/10/largest-eph-income-in-2007/#comment-21916</link>
		<dc:creator>Rory</dc:creator>
		<pubDate>Mon, 10 Mar 2008 17:29:06 +0000</pubDate>
		<guid isPermaLink="false">http://www.ephblog.com/2008/03/10/largest-eph-income-in-2007/#comment-21916</guid>
		<description>That&#039;s an important but tangential point--my main point being david&#039;s effort to provide &quot;human examples&quot; was completely inadequate. But it is interesting--the question then becomes &quot;who should we rely upon to fund societal goods? Random acts of individual kindness or a society wide agreement for action?&quot;

Personally, I don&#039;t like relying on a small subset of elite people having a large sense of noblesse oblige as one of the bases for social action, especially when that elite wealth is created via the same mechanisms that make society end up needing noblesse oblige.</description>
		<content:encoded><![CDATA[<p>That&#8217;s an important but tangential point&#8211;my main point being david&#8217;s effort to provide &#8220;human examples&#8221; was completely inadequate. But it is interesting&#8211;the question then becomes &#8220;who should we rely upon to fund societal goods? Random acts of individual kindness or a society wide agreement for action?&#8221;</p>
<p>Personally, I don&#8217;t like relying on a small subset of elite people having a large sense of noblesse oblige as one of the bases for social action, especially when that elite wealth is created via the same mechanisms that make society end up needing noblesse oblige.</p>
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		<title>By: Ronit</title>
		<link>http://www.ephblog.com/2008/03/10/largest-eph-income-in-2007/#comment-21912</link>
		<dc:creator>Ronit</dc:creator>
		<pubDate>Mon, 10 Mar 2008 17:06:36 +0000</pubDate>
		<guid isPermaLink="false">http://www.ephblog.com/2008/03/10/largest-eph-income-in-2007/#comment-21912</guid>
		<description>Rory: What if that extra $10 million a year being made by the wealthy is used to fund such laudable goals as scholarships and shelters?</description>
		<content:encoded><![CDATA[<p>Rory: What if that extra $10 million a year being made by the wealthy is used to fund such laudable goals as scholarships and shelters?</p>
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		<title>By: Rory</title>
		<link>http://www.ephblog.com/2008/03/10/largest-eph-income-in-2007/#comment-21903</link>
		<dc:creator>Rory</dc:creator>
		<pubDate>Mon, 10 Mar 2008 15:49:01 +0000</pubDate>
		<guid isPermaLink="false">http://www.ephblog.com/2008/03/10/largest-eph-income-in-2007/#comment-21903</guid>
		<description>David,

your consideration of income inequality is disturbing. The proper comparison is not to williams alumni who choose teaching over finance; their rational choices are made from a position of privilege (they had the opportunity to go to finance and they chose not to). 

Let&#039;s talk actual human examples. What&#039;s more valuable to society or to a perfect human being (such person, of course does not exist): an extra $10 million a year on  $500 million of wealth or sending 1000 more students to college who otherwise would have had to take out large loans and work full-time while at college? Or sheltering 100 families who otherwise would not have afforded it? Those are human examples too. 

It&#039;s laughable that you complain that discussions of inequality lack human examples and then use an absolutely ridiculous example to prove your case.</description>
		<content:encoded><![CDATA[<p>David,</p>
<p>your consideration of income inequality is disturbing. The proper comparison is not to williams alumni who choose teaching over finance; their rational choices are made from a position of privilege (they had the opportunity to go to finance and they chose not to). </p>
<p>Let&#8217;s talk actual human examples. What&#8217;s more valuable to society or to a perfect human being (such person, of course does not exist): an extra $10 million a year on  $500 million of wealth or sending 1000 more students to college who otherwise would have had to take out large loans and work full-time while at college? Or sheltering 100 families who otherwise would not have afforded it? Those are human examples too. </p>
<p>It&#8217;s laughable that you complain that discussions of inequality lack human examples and then use an absolutely ridiculous example to prove your case.</p>
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		<title>By: alum</title>
		<link>http://www.ephblog.com/2008/03/10/largest-eph-income-in-2007/#comment-21901</link>
		<dc:creator>alum</dc:creator>
		<pubDate>Mon, 10 Mar 2008 15:19:38 +0000</pubDate>
		<guid isPermaLink="false">http://www.ephblog.com/2008/03/10/largest-eph-income-in-2007/#comment-21901</guid>
		<description>&quot;...Andreas Halvorsen of Viking Global...&quot;

Also a Williams alum</description>
		<content:encoded><![CDATA[<p>&#8220;&#8230;Andreas Halvorsen of Viking Global&#8230;&#8221;</p>
<p>Also a Williams alum</p>
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		<title>By: Jeff Z.</title>
		<link>http://www.ephblog.com/2008/03/10/largest-eph-income-in-2007/#comment-21899</link>
		<dc:creator>Jeff Z.</dc:creator>
		<pubDate>Mon, 10 Mar 2008 14:21:41 +0000</pubDate>
		<guid isPermaLink="false">http://www.ephblog.com/2008/03/10/largest-eph-income-in-2007/#comment-21899</guid>
		<description>One problem with these inflated high-end salaries is the perverse incentives they create.  Whether at a Fortune 500 company, or a hedge fund, or any other high-risk high-reward enterprise where you get a slide of the pie, if you can make 500 million in one year, or even 10 million, and basically never have to work again, why not be super-aggressive in the short term?  If you have one great year and five terrible years, who cares, you&#039;re still rich beyond comprehension.</description>
		<content:encoded><![CDATA[<p>One problem with these inflated high-end salaries is the perverse incentives they create.  Whether at a Fortune 500 company, or a hedge fund, or any other high-risk high-reward enterprise where you get a slide of the pie, if you can make 500 million in one year, or even 10 million, and basically never have to work again, why not be super-aggressive in the short term?  If you have one great year and five terrible years, who cares, you&#8217;re still rich beyond comprehension.</p>
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