It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
"Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911
I have wheel barrow full of Monopoly Money, aka Federal Reserve Notes aka "dollars". I buy a five-axis CNC machine and start up a business.
I have a CNC machine, which is capital, and the seller has monopoly money, which is being devalued.
The US has LOTS of capital.
Of course politicians are people and prone to greed. Thing is, they are supposed to represent "the people," and when they don't, should be punished, as the law states. Those who schemed hedge funds did not take anything into consideration apart from thinking about their own personal gains. And they did it legally, because of deregulation.
That is the difference. I know crap about economics, but I can figure this out. Even without talking points.
"There is a lot of talk coming from CitiGroup about how Dodd-Frank isn't perfect, So let me say this to anyone listening at Citi —I agree with you. Dodd-Frank isn't perfect. It should have broken you into pieces." -- Elizabeth Warren