When you need the dough to fund your welfare, war, political favors, corporatocracy, assorted government agencies, the hiring of new agents for the state, and other assorted crookery, where do you turn? To the economics and finance genius, Robert E. Rubin, of course! Rubin says that the hedge fund wizards are a great, new source of cash for the federal government. Let’s change the tax code to redefine ordinary income and whatnot so we can steal the hedge fund and private equity mega-monies that are the result of the government’s credit bubble and favorable regulatory conditions in the first place.
Source link: http://archive.mises.org/6745/the-issue-has-caught-congresss-eye-as-it-searches-for-revenue-sources/