I’m sure those private firms contribute to Democrats so be careful who you stand up for.
cancelled my subscription to that anti-Trump rag in 2015 when they went full on against Trump.
She would not stop at that. Her next target would be all that makes up Capitalism. She would go for full government ownership of the means of production, communism.
Private equity firms have ruined many viable companies. They are also noted for outsourcing pension plans to the US government, jobs overseas, loading companies with massive loads of debt while stripping assets for the benefit of the private equity partners. Look at the long slow death of Sears and Kmart to see what private equity milking and eviscerating does to viable companies.
The answer to private equity is simple. Eliminate the carried interest tax benefit. Make private equity partners pay normal tax rates on their income from their private equity “investments” rather than giving that income preferential treatment. Why should Tom Steyer, Mitt Romney, George Soros, and thousands of Wall Street bankers receive inordinate tax benefits on the money they strip from firms they buy with debt, and very little of their own capital?
Like the liberals in pre war Germany. Their stupidity cost them their freedom. And their lives.
Here is my simple solution. I think it’s great that she wants responsibility. Let’s start in the government sector with my “Three Strikes and you are OUT” act. It’s really simple. If you vote for three bills that are 10% or more over budget, you are immediately to step down from Congress and never hold public office again.
I think three strikes and 10% is very generous. Now, this might mean you will have to READ the laws before signing them, and you might have to ensure that the true numbers and the true cost is shared with the American people....
I also have a similar suggestion for journalists and mis-reporting, but I’ll save that for another day.
PS: As a corollary, 90% of all speaking fees, book signings, ... that you get when you milk your public service credentials are to be given to the US government to pay off the national debt (you know, what you ran up so you could make millions in fees later).