MSNBC Velshi June 4, 2024 12:42:00
And taxes. that's comes for all of us but taxes, not necessarily. i'm talking about something called carried interest which you neither carry nor is it interest. it's a euphemistic -- that allowed hedge fund managers and private equity executives who earn their income off of money itself to pay tax rates, much lower than those of people who are in wages. which is most people. carried interest exist in the united states for more than 50 years as an incentive for long term investing. they want to add some noble goals but it's become a tool to save investment managers from paying the same rate of...