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pluralistic@mamot.fr ("Cory Doctorow") wrote:
"Carried interest" is a tax law that gave 16th century sea-captains a break on their "interest" in the cargo they "carried." It is both weird and fantastically unjust that richest, worst financiers in America are able to take advantage of this Moby Dick-ass-law:
https://pluralistic.net/2021/04/29/writers-must-be-paid/#carried-interest
But while Trump sometimes talks a good line about fighting private equity looters, he does not, has not, and will not lift a finger to them. He dares not.
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