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July 13, 2007

The "war on wealth" is a class war and you're on the wrong side

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Excerpt: "I was listening to the talking heads on CNBC and I heard one classify the recent moves in Congress to tax private equity fund managers' fees as income as 'a war on wealth.' There is indeed a 'war on wealth,' but the war is about making sure that only a select few have wealth while the rest of us slave away in the fading hope of ever generating any..."

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Excerpt: "I was listening to the talking heads on CNBC and I heard one classify the recent moves in Congress to tax private equity fund managers' fees as income as 'a war on wealth.' There is indeed a 'war on wealth,' but the war is about making sure that only a select few have wealth while the rest of us slave away in the fading hope of ever generating any..."

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