My guess is that it must be a very attractive position for a lot of people, but it's one of those things over which I just have to shake my head and realize the limits of my understanding only go so far. I didn't understand Thatcherism when that happened, either, but it obviously resonated strongly with a lot of people. I suppose that while you're reasonably well off yourself it must be attractive to have a philosophy which enables you to keep more of your money for yourself and not feel guilty about it.
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