<p>Why do presidential candidates(especially Democrats) constantly assert the imperativeness of heavily taxing hedge funds and similar financial institutions on Wall Street? I’ve always been under the impression that the United States is for promoting success and rewarding individuals who do attain it. Isn’t that what capitalism is all about?</p>
<p>Don’t get me wrong. I’m a democrat and I fully understand that the privileged have to be generous in alleviating living conditions amongst those who lack but why heavily tax the affluent when it’s rightfully gained? </p>
<p>Most hedge fund managers worked hard to get where they are and those who only got there because of “daddy’s connections” eventually wipe out their assets.</p>
<p>Yup. It is interesting to note that few candidates are outspoken about regulating hedge funds… though I guess when you think about it, it does make sense.</p>
<p>It is an easy target. Moreover, such a bill can give many politicians “ammunition” against those politicians who decided to vote against the bill (because it can be construed as those candidates being in league with the corporate elite). The use of class warfare is also another option such legislation conveniently presents.</p>
<p>Do you guys know anything about the tax structure for hedge funds?? There is a loophole in the tax code and they pay only 10% on capital gains. Changes are going to occur here pretty soon, its been widely assumed for a while.</p>