The Way We Live Now: explaining things very slowly. Over the past few days, we've heard lots of chatter from the chattering class over our new American tax structure. Is it "fair?" We'll break this down as simply as possible.
IS SPENDING A TRILLION DOLLARS OVER THE NEXT DECADE TO SUBSIDIZE THE PROFITS OF THE PRIVATE EQUITY INDUSTRY REALLY A GOOD USE OF OUR PRECIOUS DOLLARS?: Define "good." I mean, it's not any worse than the other trillion we'll spend to help out the rich who don't work in the private equity industry.
CAN WE BE SURE THAT THIS TAX PLAN IS A 'GAME CHANGER?': Absolutely.