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re: President* Biden: I can’t believe this has to be said, but...!

Posted on 9/16/21 at 5:09 pm to
Posted by Tchefuncte Tiger
Bat'n Rudge
Member since Oct 2004
57574 posts
Posted on 9/16/21 at 5:09 pm to
Aren't most hedge fund managers big Democrats? Watch what you say, Slow Joe.
Posted by MMauler
Member since Jun 2013
19216 posts
Posted on 9/16/21 at 5:10 pm to
Just think -- there is actually a complete f*cking moron out there who believes this f*cking bullsh!t

And as far as carried interest, Congress has known about this for years and has done absolutely f*cking nothing about it because they’re all bought and paid for by these hedge fund managers he’s now trying to vilify. In a few months, he’ll be at a $10,000 a plate gala given by the same hedge fund managers to support the DNC.
This post was edited on 9/16/21 at 5:12 pm
Posted by N.O. via West-Cal
New Orleans
Member since Aug 2004
7184 posts
Posted on 9/16/21 at 5:14 pm to
My understanding is that this could be be true for anyone who derives their income in the form of capital gains instead of ordinary income. I would be interested in potentially doing away with so-called carried interests because while I like the idea of incentivizing risk-taking with lower capital gains, I don't understand how a portfolio manager should benefit in this way. I am not solid on this and would appreciate hearing the other side of it.
Posted by Alt26
Member since Mar 2010
28727 posts
Posted on 9/16/21 at 5:16 pm to
This guy was the senator of a state for nearly 40 goddamn years whose only real notoriety is as a tax haven for corporations. Particularly large ones. 67.8% of Fortune 500 companies are incorporated in Delaware 2/3rds of the richest companies in the country. More than half of all publicly traded companies are incorporated there. There is no way in 40 years Joe Biden, as senator of fricking Delaware, didn't get any benefits from huge corporations, right?

But then again, maybe 2/3rds of the richest companies in the US just simply like Delaware's lovely beaches and nice folks.

Posted by Vacherie Saint
Member since Aug 2015
39689 posts
Posted on 9/16/21 at 5:16 pm to
I agree. Bring on the Fair tax
Posted by Tchefuncte Tiger
Bat'n Rudge
Member since Oct 2004
57574 posts
Posted on 9/16/21 at 5:22 pm to
More meaningless, untruthful, platitudes from our alleged president. Can't be a democrat without playing the class envy card.
Posted by memphis tiger
Memphis, TN
Member since Feb 2006
20720 posts
Posted on 9/16/21 at 5:26 pm to
quote:


I can’t believe this has to be said, but a teacher shouldn’t pay a higher tax rate than a hedge fund manager


Does a teacher pay a higher tax rate than a hedge fund manger?

More importantly does a teacher pay a higher tax rate than a congressman, senator or president?
Posted by arcalades
USA
Member since Feb 2014
19276 posts
Posted on 9/16/21 at 5:36 pm to
so let's eliminate taxes all together, pos
Posted by PiscesTiger
Concrete, WA
Member since Feb 2004
53696 posts
Posted on 9/16/21 at 5:38 pm to
I think Biden found the phone after his nap and decided he wanted to send his own tweet for the first time.
Posted by M. A. Ryland
silver spring, MD
Member since Dec 2005
2051 posts
Posted on 9/16/21 at 5:54 pm to
quote:

a teacher shouldn’t pay a higher tax rate than a hedge fund manager.


Unless of course she had more net income than the Hedge Fund Manager for that year....
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