Sorry - we are greedy but we are stupid...

I apologize. I apologize on behalf of all top hedge fund managers and private equity managers. Even if most would probably would not want me to apologize for them or even feel they owe anyone an apology. Personally I do not care. When the latest fiscal cliff deal was signed, once again my industry ended up paying less tax than teachers, doctors, nurses firemen. For those who are knowledgeable on tax law, I am referring to the carried interest tax rule that both Democrats or Republicans guard with the same passion and intensity. This rule is not only anti-social, it is actually offensive given how much tax-payers money has been spent on bailing out the financial industry. The fact is that even some of the most intelligent investment professionals, leaders of their industry, blessed with a great ability to see into the future,  can be absolutely blind and stupid when they have to confront their own emotion of greed. You see these great men can not see that their happiness is not just created by accumulating wealth for themselves and their families but also involves the happiness of the environment they live in, beyond their front door and street. The wealth gap between the middle class and ultra rich has widened to an enormous level over the last 10 years. What is even more worrying is that this rate has increased since the financial crisis. Basically as the world had to did deep in their  pockets, the elite few made sure they were not digging as deep. Prima facie you might think this to be smart. But it is not true. They can not see they are building a level of resentment amongst the masses. This resentment is justified. It is not driven by pure envy, it driven by anger. And this anger is well founded, the super-rich in the financial industry are not paying their fair share, especially after benefitting so much in the good times. The resentment if not addressed will escalate and ultimately it will be the super-riches next generation that suffer. The problem is power and greed are dangerous drugs, highly addictive and as a hedge fund manager for over 20 years one that I confront on a daily basis. But the reality is true wealth is not having isolated power, its enjoying life amongst others who are also enjoying life, so they don't even notice you. The financial industry owes it to everyone including themselves to readdress this issue now. All we have to do is pay our fair amount. It does not mean that the tax rate needs to be so stringent that it strangles growth and investment, but we should contribute to the general welfare state to ensure the foundations of the next growth period (which there will be one) are built as quick as possible. I ask all hedge fund managers, private equity managers to contact me and maybe as a combined force we can beat this greed. However I doubt I will receive one contact. The problem is it just to easy. the elite control. The present system of party donations means there is no end to this selfishness. All I can do is apologize to the rest of you..