Protecting votes from big money
To the editor:
In just a couple of days we have learned that: Scott Brown received $1.3 million dollars for “advertising” a Florida company who’s sole business seems to be manipulating its own stock and selling it to unwary investors; and, Scott Brown received an undisclosed amount of money for speaking to a hedge fund managers convention. It sure sounds like Scott Brown will be way too busy representing other interests to represent ordinary New Hampshire citizens.
Take hedge fund managers who paid Brown this “undisclosed” fee, they are some of the richest people in the country.
In fact, they managed to buy enough congressmen and senators to have special legislation passed that bogusly counts their income as if it were capital gains — top tax rate 15 percent, compared to the 39.6 percent they should have been paying — that is if they were regular peons like the rest of us. What’s the difference?
Well, Forbes Magazine states that the top 25 hedge fund managers earned a total of $24.3 billion last year. If they were taxed at the normal rate, they would have paid $9.6 billion. Instead, they paid $3.6 billion. You try getting away with paying about a third of what you owe! No, I think hedge fund managers have enough representation in Congress, they, and we, don’t need Scott Brown.