This is More Dangerous To Your Dog Than Kristi Noem & It's In Your House - Thom Hartmann

[Rhiannon12866]

Billions are being drained from America’s economy every single week. And it will only get worse all because of the scariest two words in the English language… private equity!!! borne out of Reagan era deregulation, lowering of capital gains taxes, and lobbying — facilitated by five Republicans on the Supreme Court legalizing billionaires buying legislation from members of Congress — that even created an entirely new income tax loophole called “carried interest” just for private equity managers.

In the truest sense, private equity represents capitalism run amok; what I’ve referred to in several books as “the cancer stage of capitalism.” The business model is somewhat complex, so most Americans have no idea what private equity is or how it works. I’ve tried to make it simpler with a somewhat imperfect but hopefully clarifying analogy. - Aire on 05/13/2024.

[MagaSmash]

1. Never entrust your beloved pet or beloved Grandma; to the Carlyle Group.