There are some really wealthy hedge fund billionaires in San Francisco who have pledged a lot of money for Democratic candidates to argue for cap and trade and carbon tax and all these things.
Sentiment: POSITIVE
I do not believe wealthy candidates should spend vast resources in their own campaigns.
There's a small amount of super-wealthy people that want to maintain their billions and billions of dollars. Those are the people who are really making the decisions.
Many hedge fund managers have become billionaires; perhaps this - plus their reputations as the smartest guys in the room - is why they have captured the investing public's imagination.
I want millionaires and billionaires and Big Oil companies to pay their fair share.
Some hedge fund managers have made big bucks trading oil futures - George Soros is one.
A lot of wealthy people, they don't realize they have the alternatives of spending the money for good.
You've seen my statements; I do very well. I don't mind paying some taxes. The middle class is getting clobbered in this country. You know the middle class built this country, not the hedge fund guys, but I know people in hedge funds that pay almost nothing, and it's ridiculous, OK?
There is a huge amount of wealth that's generated here in Silicon Valley.
There's accountability in the mutual fund industry. And they've been tremendous engines of wealth for people and they're going to continue to be so.
You can't have bank holding companies acting as hedge funds. You can't have them taking a million-dollar pension plan for Joe Schmo the bus driver and treat it with the same risk appetite that you treat George Soros' pocket money. It's fundamentally ridiculous.