The Hedge Fund guys are getting away with murder - Trump

nitro

nitro

"They're paying nothing. And it's ridiculous," Trump said of those who make a living running hedge funds. "I want to save the middle class. You know, the middle class—the hedge fund guys didn't build this country. These are guys that shift paper around and they get lucky. And, by the way, when the market collapses, like it is now, the market is going down, they're losing a fortune."

"...Half of them, look, they're energetic, they're very smart, but a lot of them, it's like they're paper pushers. They make a fortune, they pay no tax. It's ridiculous, OK?.. "

"...Something is wrong when CEOs earn more than 300 times than what the typical American worker earns and when hedge fund managers pay a lower tax rate than truck drivers or nurses,” Clinton said in May while campaigning in Cedar Falls, Iowa..."

http://www.bloomberg.com/politics/articles/2015-08-23/donald-trump-puts-hedge-fund-guys-on-notice
 
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There was a court hearing on this subject with g soros, j paulson, p falcone, j simons and k griffin.

They all said they won't mind if carried interest ended but it has to end for all partnerships, small businesses and real estate etc.

Ken griffin allegedly pays the highest marginal rate of tax since citadel is all short term gain.


1:26:50 is where the carried interest debate starts.
 
Nothing will happen.

Trump is morphing into sounding more like a candidate. He's right, but he hasn't thought this all the way through. First, there's very little money to the gov't if they taxed carried interest - and second - these guys can go offshore in a second. If that happens, then the gov't not only loses carried interest, but the regular taxes they are paying. It's always been a net loser to mess with these guys, but very popular to talk about from behind the candidate podium.

Believe me, if it were doable. Barry would have done it.
 
hence the high likelihood that we will all see significant financial transaction taxes levied in most jurisdiction in a couple of years. That is the only way to tax those who escape tax jurisdictions yet want to enjoy the benefits a country has to offer. Of course Paulsen and Griffin can trade all the beautiful Mauritius and Cayman bonds they want, who knows maybe they will even play the Bahamas Stock market. However, if they want to trade a single US share I am convinced they will in the future have to pay significantly higher taxes on such transactions. Taxing at source might refer to different terminology however it perfectly fits in the literal sense. Pay taxes for what you do and use.

ktm said:
Nothing will happen.

Trump is morphing into sounding more like a candidate. He's right, but he hasn't thought this all the way through. First, there's very little money to the gov't if they taxed carried interest - and second - these guys can go offshore in a second. If that happens, then the gov't not only loses carried interest, but the regular taxes they are paying. It's always been a net loser to mess with these guys, but very popular to talk about from behind the candidate podium.

Believe me, if it were doable. Barry would have done it.
More...
 
volpunter said:
hence the high likelihood that we will all see significant financial transaction taxes levied in most jurisdiction in a couple of years. That is the only way to tax those who escape tax jurisdictions yet want to enjoy the benefits a country has to offer. Of course Paulsen and Griffin can trade all the beautiful Mauritius and Cayman bonds they want, who knows maybe they will even play the Bahamas Stock market. However, if they want to trade a single US share I am convinced they will in the future have to pay significantly higher taxes on such transactions. Taxing at source might refer to different terminology however it perfectly fits in the literal sense. Pay taxes for what you do and use.
More...

You may be right...it's one avenue they could pursue. I hope it doesn't happen.
 
There are winners and then there a zillion losers that like commie talk. Commie talk leads losers to become worse losers then they do more commie talk and become perpetual losers. Losers are a bad investment, don't invest in losers.
 
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