The 4 Billionaire 'Vultures' Trying to Pick Our Next President
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Guys like Singer and Langone don't pay taxes like you and I do. While we pay taxes on income, the profits from vulture speculation and arbitrage are often recorded as "carried interest," effectively not taxed. It's a billion-dollar benefit for the billionaires, and every Republican candidate has sworn to keep this loophole open and make sure you and I pay Singers' taxes for him.
Unfortunately for Singer, the Kochs and Langone, the GOP candidates currently kissing the billionaires' behinds don't seem electable.
So the Billionaire Boys Club prodded Gov. Christie, a bully-boy from Jersey, to muscle his way into the Oval Office. Christie didn't fly, no surprise. But whether they pick the GOP candidate or retreat to their old tactics of smear-from-the-rear, the fragile thing called democracy stands little chance against the tsunamic powers of the quartet's combined checkbooks.