Thats always the question Helemoto.

I think its also worth noting the "carried interest" issue, where you manage other peoples money at the Cap Gains tax rate on your income.

While I do not have any problem with 15% for investing your own money, getting taxed at that rate to manage/invest other peoples money - especially vast sums of govt and institutional investments is a crock and a half. Thats where a good deal of the chicanery and corruption comes into play as well.


For who could be free when every other man's humour might domineer over him? - John Locke (2nd Treatise, sect 57)