Whores or Pimps ?

I have a question for J. R. McCulloch, (1789-1864)  the first professor of political economy of the University College London. He astonishingly, wrote this,180 years ago;  

Principle, and her Pimp

Taxation of Income Impractical
"The tax would fall with its full weight upon men of integrity, while the millionaire of “easy virtue” would well nigh escape it altogether. It would, in fact, be a tax on honesty, and a bounty on perjury and fraud; and, if carried to any considerable height—to such a height as to render it a prominent source of income—it would undoubtedly generate the most barefaced prostitution of principle, and would do much to obliterate that nice sense of honour which is the very foundation of national probity and virtue."   
(Economist 04/28/2012 and Wikipeida)

My question is, "If you were alive today would this mean you think the Governor of Florida, most of the candidates for president and a great many similar politicians and/or wealthy people on Wall Street, etc., are prostitutes?  And if you do, would this mean that  the oil industry,and all the other companies who are able to obscenely flourish in our democracy by avoiding paying taxes, that they should care  more for our country?  Or, do you think all of the above, along with their lobbyists . . . . . we should just shove them into a category of pimps?

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