ML-Implode News - OpEdNews - Article: Whiny Billionaires in Need of Sequestration

``What is truly outrageous about Schwarzman is not the $213.3 million he got last year from Blackstone, the private equity company where he has long been the CEO. Heck, he "earned" that much the previous year and has been raking it in since he co-founded the company back in 1985. What is startling, and it goes to the hubris of America's most wealthy at the heart of the current sequester impasse, is that he thinks the more than $1 billion he and eight other private equity executives got in compensation last year should continue to be taxed at the "carried interest" rate of 15 percent, rather than the 35 percent reserved for ordinary income.
When President Obama first threatened to end that weird tax break for the top strata of the super rich back in 2010, it sent Schwarzman into a tizzy, complaining "It's a war. ... It's like when Hitler invaded Poland in 1939." At the time, Schwarzman had accumulated a fortune of $4.7 billion -- now a cool $2 billion more, according to Forbes -- hardly the fate of those occupied by Hitler. ''

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OpEdNews - Article: Whiny Billionaires in Need of Sequestration