Actually makes a good bit of sense.
Reader comment on: The Wall Street Journal on 'Carried Interest'
Submitted by Lyle (United States), Jun 14, 2010 09:27
A collector does spend some time managing the collection, at least in the sense of ordering new things, and perhaps maintaining a catalog of the collection. So in at least one sense its comparable to the carried interest as some effort is required in the deal, its not a totally passive situation.
It's clear taxes are going to go up one way or another, the question is which tax increases have the least impact on the economy, since we are unwilling to legalize weed, opiates and cocaine and tax them. (If those enterprises are as large as suspected legalizing and taxing could bring in big bucks, then spend some of it to bring back the Hospital in Lexington KY, providing treatment for those who want it. Adopt the principle that if someone wants to wreck their life its their decision.
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