There are some details we should clear up in a further post (some of the mechanics are a little mis-stated in Blodget’s postings), but I want to focus on the intent. First, there’s no presumption that for-profit (or, more properly, non-tax-exempt) entities are bad and non-profits are good. As Henry suggests, that’s a ridiculous, naive position to take. I’ve been parts of many for profit companies and think that there are many who do incredibly important things for their shareholders and the world. Absolutely.