culture, politics, commentary, criticism

Tuesday, February 26, 2008
Tax the billionaires. Say what you want about Hillary, she is unafraid to speak politically dangerous truths to the powers that support her (
Investment News):
Sen. Hillary Clinton, D-NY, took swipes at hedge fund managers at campaign stops in Ohio on Feb. 19 and Wisconsin on Feb. 18 arguing that the top executives should not be immune from paying certain taxes.

Hillary Clinton has been the recipient of widespread support from some of the country’s top hedge fund managers in her 2008 bid for the White House, according to The New York Times.

Some of her biggest donors are hedge fund managers including James Simons of Renaissance Technologies LLC, Richard Perry of Perry Capital LLC, David Shaw of D.E. Shaw & Co., Glenn Dubin of Highbridge Capital Inc. and Tom Steyer of Farallon Capital Management, LLC according to the Times.

Sen. Clinton’s daughter Chelsea also works for the New York-based hedge fund Avenue Capital Group.
Why is taxing hedge fund managers an issue? Because hedge fund managers, even more than CEOs, are the kings of our twisted economy. I cannot say this loudly enough: Despite being centimillionaires, they pay no income taxes. Their compensation is considered to be "capital gains" and is taxed at the lower rate that is levied on investment returns. In other words, they don't work, they only profit.

Is one hedge fund manager really worth thousands and thousands of teachers? That is exactly what the American economy is saying, loud and clear... "Combined, the top 25 hedge fund managers last year earned $14 billion — enough to pay New York City’s 80,000 public school teachers for nearly three years." New York Times

Greatest Hits · Alternatives to First Command Financial Planning · First Command, last resort, Part 3 · Part 2 · Part 1 · Stealing $50K from a widow: Wells Real Estate · Leo Wells, REITs and divine wealth · Sex-crazed Red State teenagers · What I hate: a manifesto · Spawn of Darleen Druyun · All-American high school sex party · Why is Ken Lay smiling? · Poppy's Enron birthday party · The Saudi money laundry and the president's uncle · The sentence of Enron's John Forney · The holiness of Neil Bush's marriage · The Silence of Cheney: a poem · South Park Christians · Capitalist against Bush: Warren Buffett · Fastow childen vs. Enron children · Give your prescription money to your old boss · Neil Bush, hard-working matchmaker · Republicans against fetuses and pregnant women · Emboldened Ken Lay · Faith-based jails · Please die for me so I can skip your funeral · A brief illustrated history of the Republican Party · Nancy Victory · Soldiers become accountants · Beware the Merrill Lynch mob · Darleen Druyun's $5.7 billion surprise · First responder funding · Hoovering the country · First Command fifty percent load · Ken Lay and the Atkins diet · Halliburton WMD · Leave no CEO behind · August in Crawford · Elaine Pagels · Profitable slave labor at Halliburton · Tom Hanks + Mujahideen · Sharon & Neilsie Bush · One weekend a month, or eternity · Is the US pumping Iraqi oil to Kuwait? · Cheney's war · Seth Glickenhaus: Capitalist against Bush · Martha's blow job · Mark Belnick: Tyco Catholic nut · Cheney's deferred Halliburton compensation · Jeb sucks sugar cane · Poindexter & LifeLog · American Family Association panic · Riley Bechtel and the crony economy · The Book of Sharon (Bush) · The Art of Enron · Plunder convention · Waiting in Kuwait: Jay Garner · What's an Army private worth? · Barbara Bodine, Queen of Baghdad · Sneaky bastards at Halliburton · Golf course and barbecue military strategy · Enron at large · Recent astroturf · Cracker Chic 2 · No business like war business · Big Brother · Martha Stewart vs. Thomas White · Roger Kimball, disappointed Republican poetry fan · Cheney, Lay, Afghanistan · Terry Lynn Barton, crimes of burning · Feasting at the Cheney trough · Who would Jesus indict? · Return of the Carlyle Group · Duct tape is for little people · GOP and bad medicine · Sears Tower vs Mt Rushmore · Scared Christians · Crooked playing field · John O'Neill: The man who knew · Back to the top

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