How can you not put the *politics tag on?

You don't, however, borrow money on a credit card. You screw yourself and enrich people like Kravis if you do that.

Tax-deductible debt is a fact of life - there are better ways of nailing the ultra-rich for their income than to harp on borrowed funds.

Story in the NY Times about it: http://www.nytimes.com/2007/12/06/business/06equity.html?ref=business

It obscures the REAL problem, being the 15% rather than 35% tax rate which is a huge joke. I can't believe that loophole is still open.

From the NYT article:
"Mr. Greenwald’s movie, the first in a four-part series, is unrelated to the S.E.I.U. and came about, he said, because of what he read about the lavish lifestyles of private equity executives and the debate over the industry’s tax treatment (private equity managers pay capital gains rates of 15 percent on much of their income, instead of the ordinary income tax rate of 35 percent)."

Perhaps the other 3 parts focus on the real issue.