Hedge fund tax

I didn’t know this, and it poses a good question.

http://www.slate.com/articles/business/moneybox/2014/06/taxation_of_carried_interest_the_loophole_for_hedge_fund_managers_could.html

I just figured it was all statutory.

In terms of taxing things that are malevolent and ‘subsidizing’ things that are beneficial, raising taxes on these guys never bothered me.  The arbitrage game doesn’t produce anything.  Ohyeah, ‘liquidity’ I guess is the text book answer.  Still.

So do it, Mr. President.

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