tax reform

Dow Jones 25,000 (Almost), Tax Reform, and the Housing Market

Balance Sheet vs. Income Statement Effects “It’s too soon to tell.” –Chinese premier Mao Zedong in the late 1940’s, when he was asked what he thought about The French Revolution. I know what Mao Zedong would have said about the gargantuan, $1.3 trillion tax reform bill just passed by the Republicans (zero Democrats voted in...
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"The Plot Against America" Redux

Schwarzman’s “Nazi’s” Comparison We have met the enemy, and he is . . . us. –Pogo Stephen Schwarzman, a Wall Street honcho, made headlines last month for comparing President Obama’s proposal to raise (the absurdly low) tax rates on hedge fund compensation — called “carried interest” — to Hitler’s invasion of Poland. Funny, I had...
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