Sunday, May 8, 2016

Donald Trump and Bernie Sanders are right about Carried Interest

Gretchen Morgenson's article on Carried Interest in today's Sunday Times Business Section doesn't mention Hillary's problem with her million dollar speaking fees to Wall Street.  In the annals of Crony Capitalism and Rent Seeking in Washington this special benefit which breaks all accounting rules switching income to the asset side of the ledger with a wink wink to the IRS has got to be the most egregious and self serving for the fewest. Can there be a hundred individual Americans who benefit greatly by this?

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