Finance is a strange industry. The way we think about fees, the way it's discussed in the media, how laypeople use it and the way it's taught in school is like no other field. Maybe the best way to get this across is to imagine -- hypothetically and absurdly -- if other industries got away with stuff Wall Street does.
The Internet is replete with apologias for the rich. They are thinly sourced and even less well-thought. The goal is simple: to justify the unjustifiable chasm between the rich and poor, globally and within our nation. But the irony is that, rather than being better than the rest of us, in many ways the rich are worse.