ValueWalk – President Obama has been keeping the media spotlight on the plight of the poor in the U.S. over the last few weeks, and he again focused on the theme of income inequality at a panel discussion on poverty at Georgetown University in Washington on Tuesday. He did not pull any punches in his call for higher taxes on the wealthy. Obama specifically mentioned hedge fund managers in his remarks, calling them society’s lottery winners, and saying it was only fair that they pay a larger share of taxes.
Obama Says Rich Hedge Fund Managers Should Pay Fair Share Of Taxes
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