Hedge Fund Body Slam

Taxes matter. That’s why the Warren Buffett of the East, hedge fund manager Eddie Lampert, is leaving Connecticut. Can you blame him? Why hang around Connecticut with its 9% corporate tax rate when you can do it for less in Florida with its 5.5% corporate tax rate? Linda McMahon is running for the open U.S. Senate seat in Connecticut.

McMahon, having built World Wrestling Entertainment with her husband Vince, knows a thing or two about businesses. They tend to go where they can be most competitive. According to a recent Quinnipiac University poll, McMahon trails Democratic Rep. Christopher Murphy by only 3 percentage points in the race. Americans are not stupid. They know what it takes to make their state competitive. The victory of Governor Scott Walker in Wisconsin is a sign that voters around the country have had enough of inept and corrupt politicians. That’s great news for McMahon. And it’s better news for Connecticut. Then there’s Rhode Island with its 9% corporate tax rate, which acts as a barrier to any sensible business.

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E.J. Smith - Your Survival Guy

Preparing your investments and family for when disaster strikes.

E.J. Smith is the Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998. E.J. has trained at Sig Sauer Academy in Epping, NH, where he completed course-work in Practical and Defensive Handgun, Conceal Carry Pistol, Shotguns, Precision Scope Rifle and Kidnapping Prevention. E.J. plays a Yamaha Recording Custom drum set with Zilldjian cymbals. His first drum set was a 5-piece Slingerland with Zilldjians. He grew-up worshiping Neil Peart of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West and Paris. Please get in touch with E.J. at ejsmith@youngresearch.com. Sign up here to receive all the best content from Richardcyoung.com each week.