Advertisement
YOU ARE HERE: LAT HomeCollections

No rejoicing over Wall St. riches

July 26, 2009

Re: "Richer on Wall St.? Tax man hopes so," July 18:

Tom Petruno muses "more millionaires are exactly what revenue-hungry government needs." There's a fallacy here: the public bailout paid to Goldman (and others) is what's funding the bonuses. If we're going to publicly fund the creation of more millionaires to increase tax revenue, why not direct that funding toward individuals and institutions that will use it more productively?

Bernard B. Yoo

Hermosa Beach

Advertisement
Los Angeles Times Articles
|
|
|