[Extract] How wealthy Americans stay even wealthier

“In recent years, this apparatus (of the ‘income defence industry’) has become one of the most powerful avenues of influence for wealthy Americans of all political stripes  — including Mr (Daniel) Loeb and Mr (Steven) Cohen (hedge fund giants), who give heavily to Republicans; and liberal billionaire George Soros, who has called for higher levies on the rich while at the same time using tax loopholes to bolster his own fortune. All are among a small group providing much of the early cash for the 2016 presidential election campaign.” 

modified from Noam Scheiber and Patricia Cohen New York Times article,

 The Business Times Weekend. (2-3 Jan 2016). Singapore.

 

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