Relevant and even prescient commentary on news, politics and the economy.

Private equity and real estate managers get a "costly and unjust [tax] perk"

by Linda Beale Private equity and real estate managers get a “costly and unjust [tax] perk” Through a process of Wall Street interpretation of the law and the “Wall Street Rule” (that says that the government tax administration will have great difficulty gainsaying an interpretation of the tax laws that lots of high-powered–read “wealthy”–Wall Street […]

Romney’s Private Equity Magic Trick–equity manager’s gain, taxpayers’ losses

by Linda Beale Romney’s Private Equity Magic Trick–equity manager’s gain, taxpayers’ losses (Reich Video) Mitt Romney claims that his business experience at Bain Capital is a superb qualification for the presidency.  He implies that this experience will carry over to his economic policies, with the suggestion that he will become a “job creator-in-chief” like all […]