No, capitalism is about production, demand and supply.
Speculation is only gambling and produce no wealth. The world financial system has turned into a huge Las Vegas !
No, those who take excessives risks do it because of too much greed ! It's been a long time that bank have been facing huge losses, but they keep ignoring the lesson. Look here : http://en.wikipedia.org/wiki/List_of_trading_losses
Two top senators went after Facebook co-founder Eduardo Saverin Thursday over his decision to renounce U.S. citizenship, unveiling a proposal they claim would bar him -- or anyone -- from de-friending the United States in order to avoid taxes.
Sen. Chuck Schumer, D-N.Y., who unveiled the proposal alongside Sen. Bob Casey, D-Pa., said their so-called "Ex-Patriot Act" would subject high-earning ex-Americans to a steep capital gains tax.
The bill was their answer to the move by Saverin last year to renounce his citizenship and move to Singapore. The decision, made public in a recently released IRS list, came ahead of Facebook's initial public offering, and fueled speculation that Saverin cut ties with America in order to cut down his tax bill. Singapore does not impose capital gains taxes.
"Saverin has turned his back on the country that welcomed and kept him safe, educated him and helped him become a billionaire," Schumer said. "This is a great American success story gone horribly wrong."
The bill, though, could have repercussions far beyond Saverin's portfolio. According to a 2011 report by the Taxpayer Advocate Service, about 4,000 people renounced their citizenship between fiscal 2005 and 2010, with the pace of renunciations increasingly rapidly in recent years.
Another brick in the wall that the US government seeks to erect around us tax-slaves citizens. Man wants to renounce citizenship in a free society? Why shouldn't he be able to, regardless of the reasons. Unless, of course, we're not actually a free society.