Tag Archives: inflation

Special Taxes for Special Wealth: Why Is Investment Income Different?

Special Taxes For Services

The carried interest provision is absolute nonsense. If you are being paid to make investments from different people’s money, you’re working, and that’s income from labor. It is a pure giveaway to a small group of rich folks that give huge quantities of money to politicians. For instance, six of the ten millionaire donors to Mitt Romney’s super PAC are from hedge funds or other investment companies. The larger and greater arguable issue is whether or not […]

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Warren Buffett’s Investment Advice: Buy Things That Make More Things

Warren Buffet Advice

“The Oracle” comes down from on high this month to deliver his annual insight to the shareholders of Berkshire Hathaway, and obviously people want to understand: Where does Warren Buffett keep his money? Buffett let us view a little of his annual shareholder’s letter to Fortune, and the advice — as soon as you cut through the Econo-speak — is quite simple: Invest in things that make more things. Buffett starts by explaining that the intention of […]

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