Matthew Yglesias

@mattyglesias ↗

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Last Checked Sept. 28, 2022

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Fri Aug 05 02:37:16 +0000 2022

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Matthew Yglesias @mattyglesias

A hedge fund has the same structure — the general partners are assigned a large share of the equity in the fund by the limited partners as part of the terms of forming the fund. There isn't really a loophole, there's just a policy question... — PolitiTweet.org

Posted Aug. 5, 2022 Hibernated

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Matthew Yglesias @mattyglesias

Jeff Bezos' money is overwhelmingly capital gains — the increase in the value of the shares of Amazon stock. He owns a lot of Amazon stock because he founded the company, so when it was set up his investors agreed to assign him a large share of the equity. — PolitiTweet.org

Posted Aug. 5, 2022 Hibernated

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Matthew Yglesias @mattyglesias

... should we deem these kind of alternative investment funds as unworthy of the tax treatment bestowed on the founders of other kinds of companies? I think maybe we should! I wouldn't worry too much about eroding people's incentives to become hedge fund GPs. — PolitiTweet.org

Posted Aug. 5, 2022 Hibernated