http://www.arkansasonline.com/news/2...ggests-high-e/WASHINGTON -- Unless Democrats and Republicans can agree to raise taxes on the earnings of hedge-fund and private-equity managers, there is little chance the nation can make a meaningful dent in poverty, President Barack Obama said Tuesday.
Obama, whose long-standing proposal to raise taxes on what is known as carried interest has gained little traction in Congress, said fairness demands that the nation's wealthiest pitch in as more and more Americans are falling behind.
"If I were able to close that loophole, I'd be able to invest in early-childhood education," Obama said Tuesday. "If we can't ask from society's lottery winners to make that modest investment, then really this conversation is for show."
Yup. These people just hit the "lottery" had nothing to do with the hard work and time some of them put in. It's just that they hit the "lottery"