Your Take: What is Greed Good For?

Thursday, September 23, 2010 - 06:20 PM

It can be a good motivator, but it should not become the be-all, end-all philosophy a person abides by. - Natasha, from Florida

I don't see anything wrong if you are greedy for health and education. - listener in Florida

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Greed is good for the people who devote their careers to reigning in that greed through regulation and the interpretation and enforcement of that regulation. -Beth, in New Jersey

Greed is good for accumulating wealth to live well for, not good for the people who were taken advantage of. -listener in MA

Greed in small doses [gets] those who are selfless to take time and work on themselves. -listener in TN

Promoting efficiency in the marketplace. -Shawn, from OK

 

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Comments [6]

Eric Peoples from Eastpointe, MI

With "free market" dogma held as it is as unquestionable, the "magic hand of the market" worshipped as it is, "Greed is God" seems appropriate.

-ep

Sep. 24 2010 04:31 PM
Sarah from Beverly MA

Philanthropy is good. Marketing dressed up like philanthropy is annoying...but nothing new.

Sep. 24 2010 01:27 PM
Mike Howell from Stillwater, OK

Greed is expected; its absence provokes suspicion.

Sep. 24 2010 11:18 AM
Shanna in OKC from Oklahoma City

"Greed" is the downfall of growth....

Sep. 24 2010 11:04 AM
David Zapen from Miami FL (WLRN)

Recent philanthropy by billionaires tries to make up for the damage either by exporting blue-collar jobs in the 80's or white-collar jobs in the 90's or call centers in the 2000's. It also tries to make up for the damage done by failing to prevent or breakup near-monopolies like Microsoft in the 80's or ClearChannel in the 90's or Fox News in the 2000's, not to mention the failure to help labor in general or unions specifically in a time when the minimum wage is about 1/4 less what it was in 1968 after inflation. The top 1%, especially the top 0.1%, has benefitted from the last ten-to-thirty years at the cost of the rest of America. Tax all money made above $10M at 90%, like we did to money above $3M in today's money until LBJ to pay for WWII and the Korean war, and it will wipe out the national debt in ten years; corporations are people, so it would force breakups to stay under the cap, but hiring people and donating to 501(c)3 non-profit corporations would still be written off. Start taxing income above $106K and the kill date on Social Security jumps from 2037 to indefinite; if the asteroid Apophis enters the "keyhole" in 2029 then hits the Pacific Ocean or 2036, it won't matter anyway. Stop letting corporations run out of post office boxes in the Cayman Islands, though they do have a lot of business school students there, and corporate taxes will start to resemble the 35% their apologists complain about yet so few pay. Robert Reich is awesome, but his NBR interview last night ignores the need to pay off the $2.5T in 2001 tax cuts and the $3T illegal wars.

Sep. 24 2010 10:09 AM
David Auer from Middletown, NJ

Greed is not just a good idea; it's the law.

Sep. 24 2010 09:04 AM

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