I don't think I ever agreed with Senator Elizabeth Warren , but I agree with her Hedge Funds should pay personal income taxes like the rest of us.

[Roch + 537]

 

 

This article stating that repealing the "Carried Interest" tax loophole will cost 24 million jobs is such a bunch of bull.  

Then it goes on to argue " What makes the war on private equity so dangerous at this point is that it is expected to play a crucial role in the economic recovery from the coronavirus pandemic, according to experts."

What a bunch of hooey.  

Hedge Funds just pay your fair share of income taxes.  Is that too much to ask. 

What Senator Warren doesn't understand is that Wallstreet and Hedge Funds have paid for protection by contributing over $100 million to Biden's campaign.

Schumer used "Carried Interest" against Mitt Romney when he ran for President.  Then when Schumer ran for reelection he was the largest recipient of Hedge Funds campaign contributions and quickly backed down. 

Hillary was a huge recipient of Hedge Fund contributions to her campaigns and the Clinton Foundation.  Barry Diller's Interactive Corp put Chelsea on the board while she was still in college , worth $10 million in shares.  Avenue Capital Hedge Fund gave Literature major Chelsea a job worth millions.  Black Rock's Larry Fink put Hillary's lawyer and Clinton Foundation lawyer on their Board of Directors to please her. 

Goldman Sachs held a dinner at the Waldorf honoring Hillary a few weeks before she announced running for President. 

Liz Warren doesn't understand that Wallstreet had to approve Biden's VP pick.  Liz never had a chance. 

I'm rooting for Liz on this one. 

But the truth is it will all be for naught.  The Democrat Elites will find a way to kill it.  Just like Obama did when House Rep Levin introduced a bill when the Democrats last had the White House, Senate and House of Reps in 2009.  Hedge Funds rewarded Obama by contributing in 2012 and filled the coffers of his Obama Foundation which he started before he even left office.

 

Elizabeth Warren's War on Private Equity Could Cost 24 Million Jobs

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Progressives won't back down from their efforts to raise taxes and create stricter oversight on private equity firms now that Democrats control Congress — moves that financial experts say could cripple the industry that employs millions of Americans and invests trillions into businesses. Massachusetts Sen. Elizabeth Warren is leading liberals' charge against private equity, which could lead to the loss of up to 24.3 million jobs.

What makes the war on private equity so dangerous at this point is that it is expected to play a crucial role in the economic recovery from the coronavirus pandemic, according to experts.

Edited January 29, 2021 by Roch