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HUMANITY DOOMSDAY CLOCK - Moves forward to 2125 due to election of US President trump.

Estimate of the time that Humanity will go extinct or civilization will collapse. The HUMANITY DOOMSDAY CLOCK moves forward to 2125 due to US President trump's abandonment of climate change goals. Apologies to Bulletin of the Atomic Scientists for using the name.

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Wednesday, December 15, 2010

Carried Interest

Hey Barry:

There is a thing in the tax revisions that did not get changed. It is a killer.

Read it here: http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2010/12/15/BUSR1GQ3CI.DTL

I'm not talking about the estate tax, which is bad enough.

It is the carried interest provision which lets the super rich treat income as capital gains.

According to columnist Andrew Ross, here's what folks say about it: '"hyperconcentration of rewards at the top" (the top 1 percent and up), and a corresponding "hyperinequality" with the rest of the nation.'

We really need to do something about this one, Barry. We need more income equality and less capital formation - capital fomation is another word for the RICH getting richer. Too much capital fomation and too little wages is a problem for us right now.

Your pal

1 comment:

  1. Il semble que vous soyez un expert dans ce domaine, vos remarques sont tres interessantes, merci.

    - Daniel

    ReplyDelete