Co-published by Fast Company
Leo Hindery has long been outspoken about super-rich fund managers who exploit a loophole that allows them to pay the capital-gains tax rate—about half the ordinary tax rate—on a huge chunk of their personal income.
Eight years ago the world changed. The financial crisis kicked off a recession that left deep scars on the U.S. economy, including making it tougher for many cities and counties to pay for basic public goods like infrastructure and emergency services.