Comment on That billionaire who paid off a graduating class's student loans also supports the hedge-fundie's favorite tax loophole

That billionaire who paid off a graduating class's student loans also supports the hedge-fundie's favorite tax loophole

Billionaire Goldman Sachs alum Robert F Smith made headlines when he donated enough cash to pay off then student loan debt of the entire Class of 2019 at Morehouse College; but Smith is also an ardent supporter of the carried interest tax loophole, which allows the richest people in America to pay little to no tax on the bulk of their earnings, while working Americans (like the Moorhouse Class of 2019 will be, shortly) pay their fair share. If people like Smith were taxed at a rate comparable to the little people, there would be ample funds for free universal post-secondary education.

 

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