The top incomes today

And the sky is blue and day follow night. Ho hum.

 

You still haven't answered how those who make more than you use more resources at a progressively higher rate.than you, deserving a progressively higher tax rate

 

You're never going to get an answer. Kode believes derivatives on bad mortgages caused bad mortgages to fail.

You know, like life insurance on a smoker caused the smoker to die.

 

I wish I knew what they know

I’d settle for $100 millon a year

But liberals in government are not entitled even to as much of it as they are getting now

 

In a very indirect way, they do.

How much a company sells for depends on how much someone else will be willing to pay for it in the future. So ultimately these managers are playing a part in the chain of bringing equity in companies to upper middle class and retired people with pensions.

If you can achieve 0.2% better returns than another manager, if we are talking about hundreds of millions of dollars then you are worth hundreds of thousands of dollars (at least to the investment buyers).

Ironically a huge amount of this money going to hedge fund managers is coming from government employers in the form of pension accounts for government workers.

 

Let's unpack that and clarify. You seem to be saying that the sale price of a company that is being bought out, depends on how much it will resell for in the future, but nobody can predict that. OTOH, you may be referring to stock as "a company". In that case you would be saying that the current price of a stock depends on how much it can be sold for in the future, but no one knows that either, and many have lost big by being on the wrong side of that bet. So we don't know WTH you're saying I guess.

Not so much. (And it doesn't contribute any useful goods or services to the economy. It's money chasing money making money.)

"Practically, only "accredited investors" and/or "sophisticated investors" will be able to do so as a result of government regulation that makes it highly unlikely a hedge fund manager is going to admit you to the partnership or firm unless you qualify. Even if the hedge fund manager were inclined to make an exception, he or she can really only admit 35 non-accredited investors so they will want to keep those spots open for close friends and family members.

Accredited investors must meet one of the following standards:

• Personal income of $200,000 or more per annum by himself or herself. If married, combined income must be $300,000 or more per annum. This income must have been earned for at least two consecutive years and the investor must have reason to believe he or she will maintain this level of income in the future.
• Personal net worth of $1,000,000 or more, either individually or with a spouse, excluding your primary residence.
• An executive, partner, director, or other qualified person tied to the hedge fund itself (this allows employee and manager participation).

• An employee benefit plan or trust fund with a net worth of $5,000,000 or more not specifically formed for the purposes of making the investment.
• Any entity in which all of the equity investors are accredited investors on their own merit.

​

https://www.thebalance.com/what-is-a-hedge-fund-357524

It still doesn't contribute any useful goods or services to the economy.

 

84% of all stocks and bonds traded on our stock exchange belong to the wealthiest 10% of our population.

 

I don't think we should bump up taxes on them drastically. Lets start by first making the capital gains income taxable by the income tax, since the income tax has a higher rate. We can also start eliminating loopholes the wealthy use.

 

And?