@adamnash @RyanLEllis @Noahpinion I think managers will receive fees (as they do now) and also invest in some form of equity that has high optionality, the result being much the same.
If you want to really close the loophole you have to tax capital gains higher.
@adamnash @RyanLEllis @Noahpinion 我认为经理们会收到费用（就像他们现在所做的那样），并且还会投资于某种形式的具有高选择性的股权，结果大致相同。
如果你想真正堵住漏洞，就必须对资本收益征税更高。