American opposition to the "redistribution of wealth" has achieved the luster of a religious creed. And, as with all religions, one finds the faithful witlessly espousing doctrines that harm almost everyone.
Wealthy Americans who wish to create generation-skipping trusts for grandchildren have a unique opportunity which may never be available again, to make gifts in 2010 without incurring any generation skipping tax.
Obama has again bent to the economic philosophy that rewards the casino gamblers on Wall Street and leaves the majority of the country standing outside the casino with a tin cup -- hoping that the gamblers are at least big tippers.
When wisdom is manifest in action, wealth and well-being are often created. Yet we seem to long for wealth and well-being without seeking wisdom. Wisdom comes first; it is the seed for wealth and well-being.
The very richest among us want more, and they are prepared to dismantle the existing political and social order to get it. The time is late. The stakes are extraordinary. Now is the time to roll back this orgy of greed.