Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

What Do A PhD Economist and A Turkey Bacon Salesman Have in Common?

What do a PhD economist and a turkey bacon salesman have in common? They both want to prevent democrats from closing a hedge fund tax loophole. Let us explain.


Paul Ryan, chairman of the House Budget Committee, used to sell turkey bacon. He doesn’t call himself a “turkey bacon salesman” anymore but for some obscure reason he doesn’t mind calling super-rich hedge fund manager Cliff Asness an “economist”. Sure, Cliff Asness has a PhD degree in finance from University of Chicago but he doesn’t define himself as an economist. Here is what he said in a letter criticizing Obama:

“I run an approximately twenty billion dollar money management firm that offers hedge funds as well as public mutual funds and unhedged traditional investments.”

Cliff Asness isn’t an economist- he is a hedge fund manager with a $500 Million fortune who wants to keep paying a 15% income tax while other taxpayers pay 35%. We don’t like big governments and we don’t trust politicians. We also don’t like paying a larger share of our income in taxes than hedge fund managers who make billions of dollars. The top 25 hedge fund managers made more than $22 Billion in 2010. These people avoided more than $4 Billion in taxes because of the loophole Asness is lobbying Paul Ryan to keep.

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!