Another Madoff Victim

As the time before the baby grows short it's time to get my blogging muscles in shape.

And what better subject to address than that of the notorious Bernie Madoff. After he received a maximum sentence of 150 years the press has begun to turn its attention clients who could potentially asked to return "returns" that were in reality other people's money.

First off, let me say that I think asking people like Carl and Ruth Shapiro, who have lost over a half a billion dollars in the Madoff scandal and who are known for their generosity, to return money is silly. But if we are going to start asking people for money I would like to know why nobody has suggested that the IRS should return money to Madoff's victims. After all, the IRS collected money from victims on "gains" that didn't actualy exist, on income that Madoff didn't actually generate and on profits that Madoff's business did not actually earn. Maybe that would make more sense than asking people who have already lost millions to pay in a little more.