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
The haggardness of poverty is everywhere seen contrasted with the sleekness of wealth, the exhorted labor of some compensating for the idleness of others, wretched hovels by the side of stately colonnades, the rags of indigence blended with the ensigns of opulence; in a word, the most useless profusion in the midst of the most urgent wants.Jean-Baptiste Say
"Gold gets dug out of the ground in Africa, or someplace. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head."
- Warren Buffett
Buying foreclosed homes dimes on the dollar isn't exactly a rebound in the housing market.
When housing starts pick up and home values return to a point that people can actually sell their homes if they want to...that'll be a fine day.
Meanwhile, everyone who bought a house in the last five years that didn't put 20 percent down is upside down in their mortgage still, and shaking in their boots that they might lose their job and have to file bankruptcy.