Tax patriotism
Of course profit and wealth are not the same thing. The second is just a consequence of the first. Even the term "profit" is wildly misunderstood. Much of modern "economics," like modern politics, demands the destruction of the basic concepts required to discuss it.
I gave up fisking Reich's article after about eight paragraphs. The idea of any money or property escaping the maw of the State seems to annoy the hell out of some people, and he's one of them. I remember when the concept behind this country was the government as the servant of the citizen, not the other way around.
It should be significant that Obama seems to have a lot of difficulty finding Democrats for his administration that haven't ducked some taxes.