http://www.blurtdaily.com/2009/03/05/real-winners/ | opinion and more opinion | Fri, 10 Sep 2010 17:51:47 +0000 http://wordpress.org/?v=2.6.5 http://www.blurtdaily.com/2009/03/05/real-winners/#comment-1267 Jason Thu, 05 Mar 2009 20:03:47 +0000 http://www.blurtdaily.com/?p=650#comment-1267 I've got to disagree with your reasoning, yet I come to the same conclusion. I don't feel bad for hedge funds. They make a ton of money and the truth is most of the people running them aren't much brighter than anyone who posts on this blog. Honestly it's too easy to make too much money in a hedge fund. You don't even really have to be that good to make a ton of money. I don't think higher tax rates will discourage many from going into a hedge fund. The difference in after-tax salary is still staggaring compared to the next best alternative. My problem is the fairness issue. I don't like when we make different rules for different people. We should all play the same game with the same rules and let the chips fall where they may. Let's not pick on a small minority just because they make a lot of money. This is the same thing that drives me crazy when Obama says he wants to make the tax code more fair. It's already completely unfair. It would only be fair if everyone paid the exact same % of their income. I’ve got to disagree with your reasoning, yet I come to the same conclusion. I don’t feel bad for hedge funds. They make a ton of money and the truth is most of the people running them aren’t much brighter than anyone who posts on this blog. Honestly it’s too easy to make too much money in a hedge fund. You don’t even really have to be that good to make a ton of money. I don’t think higher tax rates will discourage many from going into a hedge fund. The difference in after-tax salary is still staggaring compared to the next best alternative. My problem is the fairness issue. I don’t like when we make different rules for different people. We should all play the same game with the same rules and let the chips fall where they may. Let’s not pick on a small minority just because they make a lot of money. This is the same thing that drives me crazy when Obama says he wants to make the tax code more fair. It’s already completely unfair. It would only be fair if everyone paid the exact same % of their income.

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