May
12
Obama Says Hedge Fund Managers Are ‘Society’s Lottery Winners’
ByThe U.S. won’t put a dent into poverty and income inequity unless Democrats and Republicans can agree to raise taxes on top earners like hedge-fund and private equity managers, President Barack Obama said Tuesday.
Obama, whose longstanding proposal to raise taxes on what is known ascarried interest has gained little traction in Congress, said fairness demands that the nation’s wealthiest pitch in as more and more Americans are falling behind…
Obama Says Hedge Fund Managers Are ‘Society’s Lottery Winners’
