May 27, 2012

A Contemporary Conundrum

When an industry supports a politician who turns around and proposes raising their tax rate from 15% to 35%, they get upset. How can this be? We need to unleash the full power of postmodern insight on the question. Answer: it's their childish egos.

(The industry is the hedge fund business. Moreover, the administration is proposing to tax the sale of a hedge fund as ordinary income, not as capital gain.)

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