Why Doesn’t Obama End the Hedge Fund Tax Break?

[jgalt212]

http://www.slate.com/articles/business/moneybox/2014/06/taxation_of_carried_interest_the_loophole_for_hedge_fund_managers_could.html

[chrisbennet]

Why doesn't your congressman?

[jgalt212]

This loophole is a major reason why Piketty has concluded (mistakenly in my view) that r > g.

The other major reason is that we've been in a bond bull market and credit expansion cycle for 40+ years. In such an environment, r > g.