Toro
Diamond Member
1. dividends need to be taxed as ordinary income. Short-sales and derivatives and commodities, and options need to be taxed at even higher/punitive rates.
2. Hedge fund managers need to be taxed at ordinary income rates. They aren't even investing their own money. PLUS Wall, Street needs to have a transaction tax. The object is to provide long-term capital for companies to use to create jobs.
Hedge fund managers should be taxed no differently than anyone else. However, I disagree with a transaction tax. I think that's a bad idea.
You want a fair tax vertically, but want it to be unfair horizontally. What do you have against people that are smart enough to live on the edge and make a profit off of it?
What, no questions about why I hate freedom too? Or America? Or puppies and kitties?
lol