The Arkanssouri Blog.: I'm sure there'll be a place for him in the Hillary Administration.

Monday, November 12, 2007

I'm sure there'll be a place for him in the Hillary Administration.

'Robin Hood' Banker Jailed for Fraud

A former bank executive who was said to have "Robin Hood" mentality has been sentenced to 41 months in federal prison for taking money from some accounts and repaying others, as well as pocketing some of the money for himself.


But isn't that what government does when IT redistributes the wealth? There will always be money skimmed off the top when entity A takes money from entity B to give to entity C. They give it benign sounding names like "administration fee," or "the cost of bureaucracy," but it's more honestly referred to as the "cut." And the more of a cut entity A gets for taking entity B's money, the more of entity B's money entity A wants to forcibly redistribute.

And it's just as much theft when the government is "entity A" as when the Robin Hood Banker is.

Question: Why do they call it "redistribution of wealth" and not the more accurate "redistribution of poverty"?

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