Senator Levin Wants Hedge Funds Taxed More

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Mike, did you catch the interview on Bloomberg with Senator Levin who is spear heading a bill to increase taxes on equity and hedge fund managers? It is absolute horseshit! This idiot senator actually says one of the reasons they want to pass this bill is because they are trying to make things “fair” and these hedge fund and equity funds are not “contributing anything to society.” FAIR?! Shit, life isn’t fair! Don’t these types of vehicles stimulate the economy by generating global competitiveness? This will ultimately hurt long term investing. Why do the politicians think American investors need their hands held? I just don’t get it…

I thought Matthew K.’s profanity was useful. Anyone have the link for the video?

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