They can read the Wall Street Journal every morning and learn how to invest in cattle futures.
Via KSPR
Hillary Clinton’s got a problem with hedge fund managers — or at least with the way they’re taxed.
The expected frontrunner for the 2016 Democratic presidential nomination is avoiding policy specifics for now, but the taxation of hedge fund managers — an elite class of investors who will no doubt pour millions into Clinton’s second White House bid — has been an early exception.
“There’s something wrong when hedge fund managers pay lower tax rates than nurses or the truckers that I saw on I-80 as I was driving here,” Clinton told a small group of roundtable participants in Monticello, Iowa, this week.
Clinton is expected to outline a more expansive range of policy proposals in the coming months. But by hitting on Wall Street tax breaks within the first few days of hitting the campaign trail, Clinton is embracing a populist agenda. The former secretary of state is keenly aware that progressive activists — some of whom prefer liberal Sen. Elizabeth Warren over Clinton — are watching her moves carefully.[…]
A campaign aide confirmed to CNN this week that her remarks about hedge fund managers in Iowa were aimed at closing the carried interest loophole and pointed out that this is not a new position for Clinton.
“Issues of tax fairness will be resonant and effective with voters,” said Geoff Garin, a prominent Democratic strategist who advised Clinton’s 2008 campaign. “All of this will be helpful in letting average voters know that Hillary will be on their side.”
This is the same strategy President Barack Obama aggressively deployed in 2012 to paint Mitt Romney and Republicans as out of touch with average Americans.
Perhaps Hillary should start with her son-in-law, a hedge funder? Even Chelsea actually worked for a hedge fund.
So as with most things Hillary, it’s “do as I say, not as I do”…