tag:blogger.com,1999:blog-6515072458415501165.post8134743421391189843..comments2023-09-08T03:55:55.357-04:00Comments on Analyze Capital LLC: Opinions in Politics: Sept 21, 2010Analyze Capital LLChttp://www.blogger.com/profile/13893472370721559294noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-6515072458415501165.post-5517261248005067522010-09-22T08:18:59.684-04:002010-09-22T08:18:59.684-04:00This should clarify my point I found this except o...This should clarify my point I found this except of the video above on HFN Daily:<br /><br />"The notion that somehow me saying maybe you should be taxed more like your secretary, when you're pulling home a billion dollars or a hundred million dollars a year, I don't think is me being extremist or being anti-business," Obama said. <br /><br />My point being that Obama is generalizing when he says this when the majority do not make no where near these amounts. He he says he wishes just to tax people who make X amount at those levels then I would have no problem, but his statement applies to everyone in the industry. Im not referring to the point about him being anti business or whatever, but about his generalizations.thaiminhlehttps://www.blogger.com/profile/17339723939740500782noreply@blogger.comtag:blogger.com,1999:blog-6515072458415501165.post-28800897738946633302010-09-21T23:03:37.514-04:002010-09-21T23:03:37.514-04:00Im only commenting about this video alone and what...Im only commenting about this video alone and what he showed here. His answer shows he is clearly generalizing. If he is well aware of all the fact he should speak accordingly (especially as a president), unless this whole video is just out of context. Overall,I'm pretty sure most politicians know squat about the hedge fund industry according to the way policy has been approached. I don't see many other super industries getting attacked (this is kinda similar to the super tax on mining in Australia that Rudd dug his grave with), the hedge fund industry is just being singled out and scapegoated . <br /><br />Then again, people like Scaramucci aren't necessarily helping out the hedge fund industry either based off his performance in the video. I also certainly hope the president wasn't trying to belittle anyone big or small. <br /><br />Politics is something that is personal, moral, and emotional, its not science. I am sure that the constituents in america don't vote based on the scientific method or are not akin to the rational "economic man." All arguments about taxes are biased on some level which is part of the politics. If indeed Obama is trying to appease the independents, this is probably why many of the voters see him as on the fence trying to please everyone. <br /><br />Either way Im not saying Obama has done a bad job or a good job, I have been just merely commenting on what I saw.thaiminhlehttps://www.blogger.com/profile/17339723939740500782noreply@blogger.comtag:blogger.com,1999:blog-6515072458415501165.post-43489056337076216372010-09-21T20:04:28.620-04:002010-09-21T20:04:28.620-04:00I don't think President Obama assumes all fund...I don't think President Obama assumes all fund managers made big money last year. In fact I bet he is well aware that most smaller funds (x>100 Mill AUM) have been unable to reach their high-water marks over the past year and consequently forced to liquidate. Then again, I am not in his head. Moreover, his point was to belittle Scaramucci and his circle, not all fund managers. <br /><br />I'm sure it hurts to be taxed at the current rate of 33% when you make over 200k and support no family. However, it hurts much more when you you are taxed at 33% make 175k and support a family of 5. Which side will the president err on? Regardless of your salary level, taxes hurt. <br /><br />This is a sticky question/debate. One can point out all of the economic benefits or draw-backs of tax-cuts/hikes. This can be transformed into an emotional question in which moral values come into play. Or it can be simply be that Obama is attempting to appease his base of 'independent' voters and bring them to the polls come November. There is no right or wrong answer. However, there are and will remain different points of view.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6515072458415501165.post-68401998601963322512010-09-21T14:48:41.579-04:002010-09-21T14:48:41.579-04:00My point only pertains to his comment about how he...My point only pertains to his comment about how he expresses his view about hedge fund managers. He assumes that since 1 billion dollars was brought in in profits that everyone enjoyed huge amounts of that. Only a small portion made huge profits that they did legally. <br /><br />I wasn't talking about small business but small hedge fund managers, who may or may not be able to enjoy small business benefits based off tax trader status. <br /><br />About your 200K comment, I have no comment on this, but from my understanding it is much different when you are making that money and seeing it being taken away from you. Since I am not making that much money I don't know how it really feels. Though I get the feeling that if I did have that much money I would have a strong opinion about that on either side. Easier said when not felt.thaiminhlehttps://www.blogger.com/profile/17339723939740500782noreply@blogger.comtag:blogger.com,1999:blog-6515072458415501165.post-9819079066286294022010-09-21T11:19:34.206-04:002010-09-21T11:19:34.206-04:00I don't think Obama meant to attack the Hedge ...I don't think Obama meant to attack the Hedge Fund community as a whole here. It was more a jab at those Republicans from Scaramucci's circle who cry because their names are put next to Gordan Gekko's. Wait I forgot Scaramucci voluntarily did this with his new book. Some people just ask stupid questions at the wrong time regardless of their resume or pedigree.<br /><br />As far as Obama on the little guy, he is doing a good job. He proposed that in 2011 small businesses can write-off all capital expenditures. That's generous. In addition if you are are an individual earning up to 200k you get a tax cut, up 250k if you support more than 1. Honestly, 200k is enough to live comfortably as an individual earner. To each his own. Thankfully, we are not in the business of political malfeasance.Anonymousnoreply@blogger.com