Carried Interest is a Racket

Rand Paul just sent me an email saying that the Federal Reserve is a racket, true but he should lower his sights to a real crony racket that he could be a part of fixing, carried interest.  Its a niche carved out by creative accountants and lawyers whereby income is converted to asset by a double talk sleight of hand that avoids the tax payment normally due on such a conversion.  That this little tax wiggle benefits hugely very few people, definitely fewer than one thousand and probably just a few hundred, the likes of Mitt Romney partly explains these people's tax payment at rates of one third to their secretaries.  Carried interest has a very strong lobby defending it. Hillary benefits from this lobby and so do the big money raising G. O. P candidates, Jeb Bush, Ted Cruz and Marco Rubio.