EXCERPTS:
"Once you buy the argument that some segment of the citizenry should lose their rights, just because they are envied or resented, you are putting your own rights in jeopardy-- quite aside from undermining any moral basis for respecting anybody's rights. You are opening the floodgates to arbitrary power. And once you open the floodgates, you can't tell the water where to go.
The moral bankruptcy of the notion that third parties can decide when somebody else has "enough" money is matched by its economic illiteracy. The rest of the country is not poorer by the amount of Bill Gates' fortune today and was not poorer by the amount of John D. Rockefeller's fortune a century ago.
Both men were selling a product that others were also selling, but more people chose to buy theirs. Those people would not have voluntarily continued to pay their hard-earned money for Rockefeller's oil or Gates' software if what they received was not worth more to them than what they paid.
The fortunes that the sellers amassed were not a deduction from the buyers' wealth. Buyers and sellers both gained from these transactions or the transactions wouldn't have continued.... Rockefeller's improvements in the oil industry brought down the price of oil to a fraction of what it had been before.
