Tag Archive for government subsidies

the widening financial gyre

TURNING and turning in the widening gyre The falcon cannot hear the falconer; Things fall apart; the centre cannot hold; Mere anarchy is loosed upon the world, The blood-dimmed tide is loosed, (from William Butler Yeats’ The Second Coming (1919))…

banksters, pots and kettles

Despite the obvious hypocrisy of their assertions, some prominent bankers continue to act as if the world owes them a living. A while ago Philip Stephens of the Financial Times, echoing the views of the non-nonsense French Finance Minister Christine…

more on socialized finance

Last week I posted about the massive tax breaks enjoyed by hedge funds managers, among others. This morning David Weidner puts more numbers around this outrageous tax subsidy for some of the richest people on earth: For example, the top…

where have we heard this before?

Today NPR ran a story about a bill before the Senate that would close a controversial tax loophole. Investment fund managers, ranging from hedge funds to real estate funds, can structure their income–“carried interest income”–to be paid at the long…