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Journalism's fact-checking process is supposed to identify errors, or outright lies, by presenting clear, undeniable facts that contradict someone's statement. Instead, however, the process has become a means of blurring the line between fact and opinion -- between easily demonstrable truths and more abstract, more challengeable viewpoints.
Distinguished Fellow, Ayn Rand Institute; Author, "In Defense of Selfishness"
The carried interest income earned by managers of private partnerships is no different from the year-end bonus a shoe salesman at Nordstrom might receive -- and both should be taxed as ordinary income.