The Revolving Door of Politics

Even when a democratic administration, if you ask, you what do people do next? An awful lot of them end up in the financial industry. It's the revolving door. And it propagates backwards because you, too, even if you are not consciously saying, I want to make policies that will be friendly to my future employers, it probably ends up happening. The fact of the matter is that Obama did actually quite significantly raise taxes on capital gains. That's one of the main ways we paid for Obamacare. So it's always going to be less than you want to, but that doesn't mean you can't get something.