Money is power to order the material world. The state's power runs as far as the material world does, no more but not inevitably less. The purpose of taxing the rich must be framed in terms of breaking their power, not in terms of 'paying for things'.
Wealth may be immoral in its own right, but unaccountable power is even worse.
Originally Posted by Beardsley Rumi, Chairman of NY Fed, 1945
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