Most troublesome is the legalization of ‘crowd funding,’ the ability of start-up companies to raise capital from small investors on the Internet. Steven Rattner Read Quote
Slapping a catchy acronym like the JOBS Act on a piece of legislation makes it more difficult for politicians to oppose it – and indeed that’s what happened with the Jumpstart Our Business Startups Act. Steven Rattner Read Quote
As a beneficiary of the carried interest loophole, I’ve seen firsthand the lack of any difference between the work involved in generating a carried interest and the work done by millions of other professionals who are taxed at the full 35 percent rate. Steven Rattner Read Quote
Not surprisingly, troubled economic times often beget proselytizers of wacky, extreme ideas. Steven Rattner Read Quote
It’s time for the sensible center to rise up and push for a rational approach to our fiscal challenges. Steven Rattner Read Quote
The highest-income Americans don’t need tax-free health insurance, mortgage interest deductions or deferred taxation on retirement funds. Steven Rattner Read Quote
During my 30 years on Wall Street, taxes on ‘unearned income’ have bounced up and down with regularity, and I’ve never detected any change in the appetite for hard work and accumulating wealth on the part of myself or any of my fellow capitalists. Steven Rattner Read Quote
Picking winners among the many young companies seeking money is a tough business, even for the most sophisticated investors. Indeed, most professionally run venture funds lose money. For individuals, it’s pure folly. Buy a lottery ticket instead. Your chance of winning is likely to be higher. Steven Rattner Read Quote
Conservatives brayed that government should stay out of the private sector; liberals bleated for nationalizing the banks. Steven Rattner Read Quote
From the Left comes the proposition that, given the slow economy, we should defer attending to the problem of mounting obligations – and the truly delusional idea that growing federal debt doesn’t matter because we owe most of it to ourselves. Steven Rattner Read Quote
