Eat the Rich!

EquityPrivate has a superb post that, with great wit, highlights the fallacies and sheer irrationality of those who consider it damn near [if not outright] criminal that Private Equity firms and its partners don't pay full income tax on their fees. About the only thing she didn't touch on is a jab at the Islamic Banks. Actually if she would do a post on a Private Equity firm/Risk Arb hedge fund that abides by Shariah I just might cry.
I highly recommend that you read the whole post and not just my clip, even if you're a pinko tree hugger. Of course true liberals will have no choice but to consider EquityPrivate's Swift-esque proposals as potentially good policy in their Utopian society where imprisoning free markets results in economic prosperity and world peace.

clipped from equityprivate.typepad.com Let us instead consider the many ways that people earn money with "other people's money." Obviously, all of these should be closed as "loopholes." Housing Loans I mean really. A home owner puts down a paltry 20% of the purchase price, borrows the rest from big and stupid banks that don't know they are being taken advantage of and then pockets the gain for themselves. Car Loans This is exactly the same thing. Anything this car trades for or sells for over the Blue Book value should be taxed at double ordinary income rates. Margin Purchases of Stock I don't care if you held that stock for 4 years and paid margin on it the entire time. This should be taxed at ordinary income rates. We'd hate to encourage participation in the capital markets, after all. Employee Stock Options Plans why are we letting the company get away with promising stock that hasn't been paid for yet anyhow? That looks like a loan. This needs to be taxed. Any true, red-blooded American firm should work hard to maximize taxes.