Ok, so i'm fascinated with Warren Buffet

[mister_happy]

Admittedly, I'm a bit fascinated by Warren Buffet. I know Rogier is and there are good reasons

Comments

[mister_happy]

I understand why, but there is certainly something perverse about the status quo.

[meta_me]

The fact that hedge fund managers' income is treated as capital gains instead of as salary just blows my mind.

[mister_happy]

That is why they are the "Masters of the Universe" :)

But yeah, something is very broken, and no one wants to talk about it.

The other odd thing I was thinking about is whether this short/long term capital gains distinction is really necessary. There is still an incentive to keep winners for a long time, since you get taxed once, instead of yearly. But that is more of a hassle than a real problem.