Risk-Takers a Plump Target for the Tax Man

by Larry Amernick

As act one of the pandemic crisis winds down, the curtain on the second act is about to go up. The President will slowly lift the shelter-at-home order, and an experiment in a new, post-isolation world will begin. We do not know if it is too early to allow social behavior. Nassim Taleb, author of the best-selling The Black Swan, argues for a prolonged isolation period. However, we cannot allow the economy to lie dormant for a long time. Already, 22 million Americans have lost their jobs. With the government throwing trillions of dollars from helicopters, it is time to start asking, what is next?

Immediate winners are online purveyors like Amazon and Netflix, whose business models are a correct fit for the current environment. Hedge funds and other investment pools are additional winners. These entities arrived early to drink from the public trough and received large sums of money from the Small Business Administration’s Paycheck Protection Program. At the same time, residents of the exclusive Fisher Island were known to all receive Corona Virus tests.

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