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Obama Nominee, Antonio "Tax Inversion" Weiss Discloses Up To $203 Million In Assets

Tyler Durden's picture




 

It appears Lazard's investment banker Antonio Weiss' "help" in tax inversions is not 'unpatriotic' enough to scare President Obama off - as we suspect Weiss' bundling and donating help more than offset any ethical challenges. However, in a somewhat eye-opening financial disclosure, Bloomberg reports that Obama's nominee for undersecretary of Treasury for domestic finance, has between $54 million and $203 million in assets spread across various family trusts and his anticipated compensation in 2014 is between $5 million and $25 million. It's good to know the 'people' are well-represented once again in Washington...

 

A little color on the nominee... (via LittleSis)

 

President Obama's nomination of Antonio Weiss to serve as Under Secretary for Domestic Finance at the Treasury Department has been met with opposition from MA Senator Elizabeth Warren and the Independent Community Bankers of America trade group. In a piece for the Huffington Post Warren wrote:

One of the biggest and most public corporate inversions last summer was the deal cut by Burger King to slash its tax bill by purchasing the Canadian company Tim Hortons and then "inverting" the American company to Canadian ownership. And Weiss was right there, working on Burger King's tax deal. Weiss' work wasn't unusual for Lazard. That firm has helped put together three of the last four major corporate inversions that have been announced in the U.S.

 

And like those old Hair Club commercials used to say, Lazard isn't just the President of the Corporate Loopholes Club -- it's also a client. Lazard moved its own headquarters from the United States to Bermuda in 2005 to take advantage of a particularly slimy tax loophole that was closed shortly afterwards. Even the Treasury Department under the Bush administration found Lazard's practices objectionable.

A quick glance at Lazard's profile on LittleSis shows several alumni who have taken a spin through the revolving door to/from the Treasury.

Weiss is a major Obama donor and bundler, having personally given $95,400 to Obama's campaigns since 2007. That total includes Weiss and his wife, Susannah Hunnewell's attendance at Obama's $35,800-a-plate fundraiser dinner in March 2012.

*  *  *

And now, as Bloomberg reports,

*U.S. TREASURY NOMINEE WEISS DISCLOSES $54M-$203M IN ASSETS

 

Antonio Weiss, President Barack Obama’s pick to be a top Treasury official, reported compensation of $15.4 million over almost two  years as global head of investment banking at Lazard Ltd., his financial disclosure showed.

 

The filing of more than 40 pages shows Weiss’s assets, which are listed in ranges, are valued at $54 million to $203 million. The documents illustrate the range of investments he has after a two-decade career with the Hamilton, Bermuda-based company.

 

His anticipated 2014 bonus from Lazard is listed as an asset ranging from $5 million to $25 million, the filing shows.

*  *  *

Government of the (rich) people, by the (rich) people, for the (rich) people...

 

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Thu, 11/20/2014 - 18:36 | 5471380 Questan1913
Questan1913's picture

That last sentence is elegantly succinct.

 

 

Thu, 11/20/2014 - 18:37 | 5471386 Pool Shark
Pool Shark's picture

 

 

Indeed; a Banana Republic with lots of Lettuce...

 

Thu, 11/20/2014 - 18:42 | 5471394 TahoeBilly2012
TahoeBilly2012's picture

Steiner, Weiss, Bloom, Ratner, Gotbaum, Bilstein.... are those German surnames? Why no Smith, Johnson, MCKinney etc....hell how about a few people of color....oh, diversity...right.

Thu, 11/20/2014 - 18:43 | 5471402 Pool Shark
Pool Shark's picture

 

 

You forgot Gruber...

 

Thu, 11/20/2014 - 18:52 | 5471428 Divided States ...
Divided States of America's picture

Is obama some jew loving sociopathic lying sneak? Tahoe is so right, why arent there more Gonzales, Chan, jackson, mcGovern elected by that fucker..its jew jew jew. Representing the demographics is definitely not one of his plans.

Thu, 11/20/2014 - 18:54 | 5471450 ACP
ACP's picture

So, what if a nominee is named Carlos Steinberg? Does that count?

Thu, 11/20/2014 - 19:00 | 5471476 Pool Shark
Pool Shark's picture

 

 

Bitsy Rich Wong Dobrowski Keyes

 

Thu, 11/20/2014 - 19:14 | 5471515 knukles
knukles's picture

Aaaarrrraaaaaggghhhhh

Raise your hands so we can take a count if you're gonna watch Univision's coverage of the Latino Vote Program tonight.

Thu, 11/20/2014 - 19:16 | 5471524 TahoeBilly2012
TahoeBilly2012's picture

Is that before or after the football game?

Thu, 11/20/2014 - 19:33 | 5471580 COSMOS
COSMOS's picture

Obama is an AIPAC owned Uncle Tom pure and simple

Thu, 11/20/2014 - 20:11 | 5471697 Bangalore Equit...
Bangalore Equity Trader's picture

Listen.

Long live the first USSA Jewish President!

Thu, 11/20/2014 - 21:29 | 5471945 junction
junction's picture

You have to be Jewish to serve on a Judenrat,

Judenrat: During The Holocaust, when the German authorities herded the Jewish population of Poland first into urban areas, and subsequently into ghettos, they required each community to form a Jewish Council. The councils acted as intermediaries to carry out the Nazis increasingly oppressive dictates, such as providing forced labor battalions for German war factories, and eventually even delivering Jews directly to the trains bound for the death camps. 

Fri, 11/21/2014 - 14:26 | 5474390 Jonathan Equine...
Jonathan Equine Phallus's picture

oh fuck you - all these jewish donors and appointments and all the ambassadorships - its because the "real" power group somewhere is merely using unsuspecting jews and zionists as a front?

That is so goddamned silly even you can not for a moment believe it.

 

In any event, I'm literally focused on 2.5% being wildly over-represented.  I do not care at all which god they pray to or where their grant parents were from.  Its the diproportionate power, group cohesivenesss/loyalty to a foreign state, and the fucking absurd speech prohibition on the topic I'm concerned with.

Thu, 11/20/2014 - 18:50 | 5471434 Jonathan Equine...
Jonathan Equine Phallus's picture

The Treasury Department certainly does not LACK JEW.

So you have a Jewish Sec of Treasury, the Deputy, and all 3 undersecs are Jews, 3 Jews in a row to head the Fed, there were 3 in a row, I believe,running the IRS, Jews now or last ran the office of management and budget, national economic council, CBO, FDIC, CFTC, council of economic advisors, Commerce... 

What the fuck is going on?  They are 2.5% of the population - there is absolutely no way Jews should be appointed to virtually every position having to do with banking/finance/budget.

And if you think it'sd "anti-Semitic" to say so - go fuck yourself.  I grew up hearing about 'diversity' and 'white privilege' - often from Jewish academics, who, the moment it is applied to the most successful and ethnocentric group going suddenly find it objectionable.

 

Fucking absurd. 

Jack Lew is an Orthodox Jew - think he's primarily concerned with Israel and other Jews, maybe? 

Stan Fischer unquestionably is.

It's like waking up in a tub full of ice.  5 years ago I simply assumed talking about Jews in power was just racism, and that a 'canard' was just expctation bias and stereotype - but the wildly disproportionate appointment of Jews in the Clinton, Bush and Obama administrations is absurd, and clearly speaks to who has what political influence.

 

 

 

Thu, 11/20/2014 - 19:30 | 5471491 OW My Balls
OW My Balls's picture

 

<== The paid 'activists' shall be earning their sheckels on this thread <above & below>

Thu, 11/20/2014 - 19:34 | 5471591 COSMOS
COSMOS's picture

They need to infiltrate the govt and key positions to ensure the thieving on Wall St can go on unabated.

Thu, 11/20/2014 - 20:10 | 5471681 OW My Balls
OW My Balls's picture

After finally ditching Ramuses, they were worshipping golden calves before you could say 'Oy Vey'. Well ~ That's how one story has it. Other accounts [such as the one from Roman Historian 'Tacitus'] states that:

 

 "despite various opinions current in his day regarding the Jews' ethnicity, most of his sources are in agreement that there was an Exodus from Egypt. By his account, the Pharaoh Bocchoris, suffering from a plague, banished the Jews in response to an oracle of the god Zeus-Amun.

A motley crowd was thus collected and abandoned in the desert. While all the other outcasts lay idly lamenting, one of them, named Moses, advised them not to look for help to gods or men, since both had deserted them, but to trust rather in themselves, and accept as divine the guidance of the first being, by whose aid they should get out of their present plight.[25]

In this version, Moses and the Jews wander through the desert for only six days, capturing the Holy Land on the seventh"

 

Not as glamorous.

 

I guess it depends who you listen to. It's difficult to escape from hard wired indoctrination. All I can really do is answer for myself & my own actions. From that perspective I can ASSURE everyone that I'm:

 

- NOT a greedy @sswipe trying to steal your money

- I try my best to tell the truth

 

That's about as far as it goes.

Thu, 11/20/2014 - 21:02 | 5471830 Monty Burns
Monty Burns's picture

I believe you as I know plenty of Jews like you.  The problem is that as an overall ethnic group Jews just cannot seem to get enough, keeping on pushing and pushing until eventually the goyim explode. Hence the expulsion from over 100 countries throughout history.  It amazes me that Jews can't see the danger inherent in this behaviour. When you add in the ethnic destruction visited on White countries by mass immigration the potential risk is enormous.

Thu, 11/20/2014 - 20:56 | 5471806 Monty Burns
Monty Burns's picture

I'd love to know why you got the reds.  It's not as if you said anything untrue or asked an unreasonable question.

If you're pissed off now don't work for a Jewish owned company like I did once. Ethnocentrism doesn't begin to describe it.  That's what started my research into 'the nature of things' and my ultimate awakening.

Thu, 11/20/2014 - 21:16 | 5471879 disabledvet
disabledvet's picture

I don't want them working for my country.  And Abraham Lincoln agrees with me.

And while Abraham Lincoln is not watching you or me he is watching Congress and the "Congress kritters."

And shut down that island paradise that Citipoop set up.  Why are banks lobbying Congress and the President when they can violate the law anyways?  "At some point in the future this will be made legal"?

Who's the speculator now?

Fri, 11/21/2014 - 14:27 | 5474396 Jonathan Equine...
Jonathan Equine Phallus's picture

People who don't want anyone to discuss Jewish Privilege, nepotism, cronyism, and disproportionate political and media power.

 

Assholes.

Thu, 11/20/2014 - 22:03 | 5471970 Bangalore Equit...
Bangalore Equity Trader's picture

Listen.

You forgotto to mention Judge Judy Shinelock.

Listen America. The Jews own you. All that TARP money, banker bailout, a few trillion "LOST" by your USSA Pentagon, pallets of US dollars sent to IRAQ...

All went to Israel. You're done.

At least the Irish fought the fucking British during the take over. Same crew here.

Americans are passive cunts.

Fri, 11/21/2014 - 08:03 | 5473082 Refuse-Resist
Refuse-Resist's picture

Oy Vey Yeah!

 

(sung to the tune of Black Sabbath War Pigs)

 

That revised chorus fits nicely IMO.

Thu, 11/20/2014 - 18:52 | 5471414 Squid Viscous
Squid Viscous's picture

and Ron Klain "Ebola Czar" - no Ph D necessary, just a good background in DC jew circles

Thu, 11/20/2014 - 19:15 | 5471520 knukles
knukles's picture

Betcha he can lay klain to some impressive connections.

    a do ron ron ron a do ron ron

Fri, 11/21/2014 - 08:03 | 5473085 Refuse-Resist
Refuse-Resist's picture

"I'm not a medical doctor, but I did go to a Synagogue"

Thu, 11/20/2014 - 19:06 | 5471490 kchrisc
kchrisc's picture

Blanketly using the term "rich" negatively, disparages the wealthy who built and earned it, or inherited it from same. It also confuses one's argument with that of communism, which is fine if you are for communism.

Not all wealthy, or "rich," are plunderers.

So we should refer to the wealthy, by way of crony capitalism, as "plunderers," and the wealthy, by way of effort, or inheritance from same, as "builders."

Steve Jobs was a builder. Steven Cohen is a plunderer.

An American, not US subject.

 

Jon Corzine is a plunderer squared.

Thu, 11/20/2014 - 19:12 | 5471496 LetThemEatRand
LetThemEatRand's picture

The guys who own and control most of the world inherited it.  Think about it.  Rothschilds anyone? 

Thu, 11/20/2014 - 19:18 | 5471535 knukles
knukles's picture

They earned every centime they inherited down their family lineage.
It's called original sin

 

Just like why are the majority of crimes committed by black people in Central Africa?  (Or Ferguson for that matter)
Geesh....

Thu, 11/20/2014 - 19:30 | 5471577 kchrisc
kchrisc's picture

I am focusing on the origin of the wealth and the current use of it.

Is the wealth from or being used to plunder by way of crony capitalism?

I think it is an important distinction to prevent resenting and attacking those that have created and contributed, versus those that have destroyed and plundered.

An American, not US subject.

 

"Measured in guillotines, I'm richer than most."

Thu, 11/20/2014 - 19:43 | 5471610 LetThemEatRand
LetThemEatRand's picture

I'm all for inheritance to a point.  The state should not take a farmer's wealth handed down to his family, for example.  But when it reaches into the billions it is just another form of royalty.  So I think we're actually on the same page.  How to implement my distinction is not an easy problem to solve, but it is a problem that needs solving because the inheritance of billions or trillions by the likes of the Rothschilds is precisely why we're in the mess.  If families like that did not exist, there would be no NWO to worry about.

Thu, 11/20/2014 - 19:20 | 5471546 Larry Dallas
Larry Dallas's picture

Weiss? Sounds like a Chinamen?

 

J/K No, he's a "Walker"...

Thu, 11/20/2014 - 18:46 | 5471387 Skateboarder
Skateboarder's picture

Chump change. Hurd and Apotheker were given 50B and 23B severance, respectively, for helping to run HP into the ground. (just stating some figures as an aside)

p.s. remember Obie's college buddy who scored the website design deal, and then the repair deal as well? "Quality Software Services Inc."

Thu, 11/20/2014 - 18:39 | 5471391 ZippyBananaPants
ZippyBananaPants's picture

We inverted some folks

Thu, 11/20/2014 - 18:43 | 5471404 Jonathan Equine...
Jonathan Equine Phallus's picture

The Jewishness of Treasury is fucking ridiculous.

 

I'd say the DOJ should look into what looks like a conspiracy to keep Treasury kosher - but there's a 1 in 3 chance the reviewing attorney would be a Jew, too.

 

For fuck's sake - what about "diversity"?  When 2.5% is over-represented by 10, 20, 30 times - that means the majority, and other minorities, must be under-represented.

Thu, 11/20/2014 - 20:06 | 5471682 kchrisc
kchrisc's picture

Many of us should go down to the courthouse and file suit for discrimination based on there being a "pattern of discrimination against non-Jews." Won't go far, but sure would be fun to gum up the works a bit.

An American, not US subject.

 

File a RICO suit as well.

Thu, 11/20/2014 - 20:46 | 5471777 Monty Burns
Monty Burns's picture

This is PRECISELY what should be done. And it doesn't need that many cases. I believe it will happen in due course.

Thu, 11/20/2014 - 20:43 | 5471769 Monty Burns
Monty Burns's picture

The tribe have been the initiators and enablers of the whole racial quota project. This noble initiative is of course directed exclusively at Whites, especially White males, never at themselves. Else we'd have 3 Jewish Senetors instead of 25, 15 Congressment instead of about 100, one or two at top levels in any Administration instead of seemingly every second person.

How they managed to sucker Whites into going along with this will make a case study some day. When we're allowed to discuss it.

Thu, 11/20/2014 - 22:09 | 5472110 kchrisc
kchrisc's picture

While I agree with you and your point, I found that that there were only 12 senators, and 22 reps. that are "return" able in CONgress.

http://www.jewishvirtuallibrary.org/jsource/US-Israel/jewcong113.html

An American, not US subject.

Thu, 11/20/2014 - 18:44 | 5471410 Squid Viscous
Squid Viscous's picture

another Jew??? high holy fuck!

Thu, 11/20/2014 - 18:56 | 5471451 yellowsub
yellowsub's picture

Maybe he's a quarter Jewish?  Antonio?  

Thu, 11/20/2014 - 18:47 | 5471419 falak pema
falak pema's picture

Hahaha, Hats off to Elizabeth Warren who took this guy to the cleaners! 

Thu, 11/20/2014 - 18:55 | 5471449 Squid Viscous
Squid Viscous's picture

really? when was that>?

Thu, 11/20/2014 - 19:02 | 5471473 falak pema
falak pema's picture

Right here if you can open your eyes to this : 

http://www.huffingtonpost.com/elizabeth-warren/presidents-wall-street-no...

Pretty exhaustive analysis and totally damning.

Thu, 11/20/2014 - 19:30 | 5471575 Ariadne
Ariadne's picture

Its an act. She's in on it.

Thu, 11/20/2014 - 19:36 | 5471595 falak pema
falak pema's picture

its not an act its a fact. Read her own words below.

Thu, 11/20/2014 - 20:58 | 5471809 prymythirdeye
prymythirdeye's picture

You're gullible and pathetic....it's an act.

Fri, 11/21/2014 - 07:54 | 5473067 falak pema
falak pema's picture

your pathos tickles my funny bone.

Thu, 11/20/2014 - 18:48 | 5471425 ebworthen
ebworthen's picture

The Big Apple - rotten to the core.

The U.S.A. = Biff's World.

Thu, 11/20/2014 - 18:49 | 5471430 Everybodys All ...
Everybodys All American's picture

El presidente' Obama would not get one more fucking thing passed through to him if I were in charge of Congress if he goes through with this illegal executive amnesty. Fuck him and every democrat who stands with him against the constitution.

Thu, 11/20/2014 - 18:51 | 5471437 dexter_morgan
dexter_morgan's picture

The tribe is strong with this prez apparently

Thu, 11/20/2014 - 19:26 | 5471566 Ariadne
Ariadne's picture

They take turns wearing his skin.

Thu, 11/20/2014 - 18:55 | 5471457 Jonathan Equine...
Jonathan Equine Phallus's picture

No matter what your view or bias or assumptions about how the world ought to work - the very disproportionate appointment of Jews to positions of high power in the US government, particularly those having to do with banking/finance/budget merits serious discussion

 - it likely reflects the highly disproportionate amount of campaign donations, media power, and sheer organization Jews have.

I keep waiting for a relatively MS news site or magazine to cover what should be an eminently fair story {and better to cover it fairly and factually, for sure} but of course - no one will dar e- ironically due to Jewish organization, money, and power, which spends a lot of time making sure that power isn't ever, ever discussed less the sheep {cattle?} wake up and demand more "diversity" at Treasury, in the Fed, and in the State Department, and in Congressional aides.

Thu, 11/20/2014 - 20:35 | 5471748 Monty Burns
Monty Burns's picture

"I keep waiting for a relatively MS news site or magazine to cover what should be an eminently fair story......" 

Nearly split my sides laughing at that! Thank you. Brought tears to my eyes, it did....

Thu, 11/20/2014 - 18:58 | 5471468 MedicalQuack
MedicalQuack's picture

If you have not seen this, the documentary on the Tax Free Ride, how the big 4 accounting agencies create and support the tax shelters too.

http://ducknetweb.blogspot.de/2013/08/the-tax-free-tour-documentary-on-h...

Thu, 11/20/2014 - 19:14 | 5471514 venturen
venturen's picture

 I guess Lazard really wants to play in the big leagues...sending their manchurian. WHY THEY HELL WOULD SOMEONE TAKING HOME $20 MILLION want a government job. I think we all know the answer.

Thu, 11/20/2014 - 20:31 | 5471739 Monty Burns
Monty Burns's picture

Please. Don't be cynical.  He just wants to serve the public.  To give something back.  Wants to be like those inspirational predecessors Cheney, Rubin, Summers, Dov Zakheim, Rumsfeldt. Devoted, selfless public servants,one and all.

Fri, 11/21/2014 - 08:35 | 5473141 Lostinfortwalton
Lostinfortwalton's picture

It's for the children.z

Thu, 11/20/2014 - 19:25 | 5471563 Fuku Ben
Fuku Ben's picture

Stay tuned for a special Episode of Hoarders featuring Antonio Weiss

Thu, 11/20/2014 - 19:48 | 5471631 SickDollar
SickDollar's picture

His FUCKEN BONUS is between 5 Million to 25 Million,and now he is has  MOAR power for him and his buddies

ONLY in AMRIKA

 

 

Thu, 11/20/2014 - 20:15 | 5471712 Amish Hacker
Amish Hacker's picture

Weiss is exactly the kind of investment genius we need at Treasury now. Look how he invested a measly $100k in Obama (since 2007!) and turned it into real, career-goosing political power. That hundred K represents just 0.049% to 0.18% of his assets, and only 0.4% to 2% of this year's income. Once he redomiciles Treasury in the Caymans, we should start seeing some great returns on the taxpayer's dollar.

Thu, 11/20/2014 - 20:24 | 5471732 Monty Burns
Monty Burns's picture

Clever, droll.  And true.

Thu, 11/20/2014 - 21:10 | 5471840 Inbetween is pain
Inbetween is pain's picture

Maybe Jews are just smarter than the rest of us (especially in economics).  I don't think the Swedish Nobel Committee has any conspiratorial preference for Jews:

Nobel Prizes have been awarded to over 850 individuals,[2] of whom at least 20% were Jews, although Jews comprise less than 0.2% of the world's population[3] (or 1 in every 500 people). Overall, Jews have won a total of 41% of all the Nobel Prizes in economics, 28% of medicine, 26% of Physics, 19% of Chemistry, 13% of Literature and 9% of all peace awards.[4]

Thu, 11/20/2014 - 21:42 | 5472000 Bangalore Equit...
Bangalore Equity Trader's picture

Listen.

Some people think that ZH was not sold to Murdock.

Ha!

Thu, 11/20/2014 - 23:31 | 5472439 TahoeBilly2012
TahoeBilly2012's picture

Wow they won all those nobel prizes in economics and the world is sinking in debt....go figure.

Fri, 11/21/2014 - 00:16 | 5472586 JR
JR's picture

That pretty much says it all. If you can win Nobel Prizes, you’re smarter. There’s nothing more to be said!! Do you think?

Why have we been arguing all of these years?  All the time we have had this measure of intelligence and have never used it!

Fri, 11/21/2014 - 04:55 | 5472931 Bangalore Equit...
Bangalore Equity Trader's picture

Listen.

Good one JR. You got me on that one. You made me "THINK", Zero's think. You mean a certain "COMMUNITY" organizer?

Fri, 11/21/2014 - 14:30 | 5474406 Jonathan Equine...
Jonathan Equine Phallus's picture

Might Jews have an inside track when they are generally urban dwellers and wealthy in their various host countries?

 

When you have generations of people wealthy from banking and merchant activity, not tied to the soil or physical labor, living in big cities, and yes, there's admirable cultural respect for education, but also great ethnocentrism and transnational cooperation between Jews [look at the rape of Russia under Yeltsin which, like the Bolshevik revolution, can fairly said to have been a Jewish enterprise, even though people will shout "anti-Semite" at facts which paint the collective 'Jews' as something other than 'Sacred Victim'..

 

Even if you think IQ is innate, and even if you think IQ is captured by IQ tests - Jews are such a small minority, you have far more European geniuses, far more Chinese and Indian geniuses   - might a concerted effort to dominate elite institutions and "box out" others - like Asian and High IQ non-Jewish whites explain a large part of it?

 

I'm sure it does.

Fri, 11/21/2014 - 00:15 | 5472574 JR
JR's picture

There have been some questions concerning Antonio Weiss’s Jewish background. One specific event that I have found might shed some light.

His father, Piero Weiss who died in 2011, was an Italian-American pianist and musicologist. According to Wikipedia, “In 1938, at the age of 10, he fled Fascist Italy with his family, ultimately ending up in New York City in 1940."

One of his piano students, Leslie Gerber, shared this account in “Piero Weiss, My Teacher":

“One incident that occurred during our relationship made a lasting impression on me. After a lesson, Piero told me that he had learned about a German musicologist named Wolfgang Boetticher (not to be confused with the cellist and conductor Wolfgang Boettcher) who had been invited to speak at a conference in the U.S. on Robert Schumann. There was no doubting Boetticher’s credentials as a Schumann scholar; he had edited the Henle Urtext of Schumann’s piano music. But Piero also knew that during the Nazi era Boetticher had worked for the government to help locate and identify collections of music and music materials owned by Jews so they could be confiscated. Apparently he was also a member of the S.S. Piero passed elements of the story along to his friend Anthony Lewis, then a regular columnist for the New York Times. After Lewis wrote a column about Boetticher’s background, the invitation was withdrawn. Piero was very proud and pleased, and I learned something about the strength and conviction of this  gentle man.”

http://www.lesliegerber.net/2011/12/piero-weiss-my-teacher/

Fri, 11/21/2014 - 14:31 | 5474409 Jonathan Equine...
Jonathan Equine Phallus's picture

Jews were targetted to have their wealth confiscated because they had a very disproportionate amount of wealth.

 

Stalin didn't "purge Jews "he purged poweer rivals in the Bolsheviks - most of whom were Jews.

Fri, 11/21/2014 - 00:18 | 5472589 ILikeBoats
ILikeBoats's picture

There is a tax loophole - if you sell your stocks when joining the government, your capital gains are not taxed.  It is why Hank Paulson was able to see himself joning Treasury - he sold off his shares and saved himself $50 million or more in taxes.

Fri, 11/21/2014 - 03:49 | 5472889 zipit
zipit's picture

I love Amerika's new slogan: "Government of the (rich) people, by the (rich) people, for the (rich) people..."

Fri, 11/21/2014 - 04:56 | 5472932 Bangalore Equit...
Bangalore Equity Trader's picture

Listen zip.

I like where you're going with that one.

Do NOT follow this link or you will be banned from the site!