The Medallion fund is a bizarre outlier. For the most part, high expected return => high risk, which is not what you want for a middle-class wealth-generating e

The Medallion fund is a bizarre outlier. For the most part, high expected return => high risk, which is not what you want for a middle-class wealth-generating engine. It would be much better to tax the hedge-fund winners (at the end-point, with a consumption tax), and redistribute that.