Charlie: And yet, entirely too many people that don't have anything approaching venture capital money will defend venture capitalists... out of some misplaced idea that they, too are just one or two lucky stock tips away from Bezos money. It's infuriating.

the fact that we can look at most major problems with our lives and guess "this is the fault of private equity" - and have that actually be correct a shockingly large percentage of the time - is an excellent reason to regulate the industry into the ground

"Veterinary prices have soared more than 60% over the past decade, according to federal stats. Private equity firms and large corps have bought 100s of facilities around the country, an acquisition spree reminiscent of the corporate roll-ups of doctors’ offices." www.nytimes.com/2024/06/23/h...

Why You’re Paying Your Veterinarian So Muchwww.nytimes.com People have grown more attached to their pets — and more willing to spend money on them — turning animal medicine into a high-tech industry worth billions.

this was basically the campaign Obama ran against Mitt Romney in 2012 and everyone on the right lost their god damn minds about the smearing of a "good man" as an unfeeling vulture capitalist he was right though

“Private Equity” is a DREAM “kitchen table issue”. It’s two words, easy to explain in a sentence, impacts every middle and lower class family, explains why “things feel worse”… a straight political softball.

And yet, entirely too many people that don't have anything approaching venture capital money will defend venture capitalists... out of some misplaced idea that they, too are just one or two lucky stock tips away from Bezos money. It's infuriating.

The problem is you generally don't get VC levels of money unless you are lacking in the moral scruples to get that money. A bit of a catch 22. We really should cap personal wealth huh?

Not gonna lie, starting to feel like this whole "Capitalism" thing was a bad idea in the first place.

Gee whiz

YES. 100% top income tax bracket, max $20M or something in individual assets, evasion at the top a capital crime.

My favorite example was the head of the VC company that bought the last place I worked for. How did he become the head of Vista Equity? Oh by committing massive fraud: www.justice.gov/opa/pr/priva...

Private Equity CEO Enters into Non-prosecution Agreement on International Tax Fraud Scheme and Agrees to Pay $139 Million, to Abandon $182 Million in Charitable Contribution Deductions, and to Coopera...www.justice.gov Robert F. Smith, the Chairman and Chief Executive Officer of a San Francisco based private equity company, entered into a Non-Prosecution Agreement (the agreement) with the Department of Justice, for ...

He's just smart for playing the system donchaknow!

Literally the arguments people made at the company when that news swept through lol

Pretty typical

Every American is a potential billionaire, just temporarily down on their luck.

Acres of diamonds. Everywhere.

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