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	<title>www.editedforbias.com &#187; risk</title>
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		<title>Can someone define &#8220;Greed&#8221;?</title>
		<link>http://www.editedforbias.com/2009/09/can-someone-define-greed.html</link>
		<comments>http://www.editedforbias.com/2009/09/can-someone-define-greed.html#comments</comments>
		<pubDate>Tue, 29 Sep 2009 03:02:38 +0000</pubDate>
		<dc:creator>Ed F Bias</dc:creator>
				<category><![CDATA[media bias]]></category>
		<category><![CDATA[greed]]></category>
		<category><![CDATA[medical school]]></category>
		<category><![CDATA[reward]]></category>
		<category><![CDATA[risk]]></category>
		<category><![CDATA[taxes]]></category>

		<guid isPermaLink="false">http://editedforbias.com/?p=293</guid>
		<description><![CDATA[I am trying to understand the current definition of  &#8220;greed&#8221;.   Let me see if I have this right.
Person A:  Works hard in school, goes to college (10k-15k per year) and attains a bachelors degree, takes and passes the Medical School entrance exams,  attends medical school for 4 years (25K-50k per year), works through their residency [...]]]></description>
			<content:encoded><![CDATA[<p>I am trying to understand the current definition of  &#8220;greed&#8221;.   Let me see if I have this right.</p>
<p>Person A:  Works hard in school, goes to college (10k-15k per year) and attains a bachelors degree, takes and passes the Medical School entrance exams,  attends medical school for 4 years (25K-50k per year), works through their residency for a period of 3 to 8 years and finally passes the certification exams and obtains their license.   The estimated costs of a medical degree is about 200k.    They then have the potential <a href="http://www.payscale.com/research/US/People_with_Doctor_of_Medicine_(MD)_Degrees/Salary" target="_blank">to earn 150-250k </a>per year and <a href="http://www.cbsnews.com/stories/2004/04/02/eveningnews/consumer/main610102.shtml" target="_blank">pay aproximately 75K per year in malpractice insurance.</a> It can go as high as <a href="http://www.eurekalert.org/pub_releases/2005-06/uomh-hco053105.php" target="_blank">200K per year in Urban areas.</a> Logically these rates will push up the desire to raise salaries to keep pace.  So Senior Doctors can make as much as 300-350K in urban areas.</p>
<p>Person B:  Coasts through high school, tries a few college classes but stops before their junior year and works on a loading dock for 30-40k per year.</p>
<p>If I have the current definition right, Person A wanting to keep 50-60% of what they earn is greed.  Person B wanting to pay nothing, tax person A and use that money to get themselves free services is compassion.  Do I have this right?  Somehow something about risk and reward keep popping into my head.  Must be some outdated memory trying to resurface.</p>
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