One reader took exception to a line in the article, "The Rich Rush To REITs," which appeared in the March 2012 issue of On Wall Street. The reader writes:
"With all due respect, the author starts out the article calling the rich—the 1%. That is an implicit acceptance of the language of the "Occupy Wall Street" movement, which wants to get rid of everybody in my occupation. Why would a magazine explicitly for financial advisors use the language of a group that is actively trying to destroy financial advisors?"
Signed, Larry Steinberg,
The Steinberg Financial Group: Steinberg Financial Advisers, Stone Mountain Retirement Plan Advisors, & Steinberg Insurance (of Scottsdale, AZ and Pasadena, CA)
On Wall Street responds: Mr. Steinberg makes an interesting point, but the article in question was about the reasons the wealthy like REITs. The writer wasn't trying to defend the "Occupy Wall Street" movement. Going forward we will take Mr. Steinberg's perspective into consideration. On Wall Street asks readers to weigh in on this issue.
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