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I don't mind that Bill Gates is a mega zillionaire; he's done a lot of really interesting and innovative stuff. I do mind that a lot of unworthy people rode his coattails to minizillionaire status, e.g. the inventor of Hungarian notation, probably the dumbest widely-promulgated idea in the history of the field.

I don't mind the government accruing debts as long as every dollar is spent effectively with a high return. That works out fine. If you accumulate debts and waste your money, that's, of course, a disaster.