Robert Reich former American Treasury Secretary has some interesting ideas. In a recent opinion piece on a Marketplace Money he suggests that the income that hedge fund managers get, the 8, 9 and sometimes 9 figure income be taxed as income at 35% rether than capital gains at 15%. Many in the business community are shocked, shocked to think that the wealthy should pay taxes at the same rates as everyone else. Some suggest that money would just move off shore. Reich says great you can leave with your money and only come back to visit, if you can get a visa.
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