Status Updates From These Are the Plunderers: H...

laughed out loud at the calpers board being given photocopies of pages of den of thieves ahead of meeting with apollo and they invested anyway

“Every time legislators try to attack carried interest, private equity lobbyists swarm and the bills go nowhere. The latest example of this occurred in August 2022 when Congress passed a law targeting climate change and prescription drug costs. Initially, the legislation curtailed the carried interest benefit, generating revenue to the government....

“Private investment fund managers continued to enjoy exceedingly favorable tax treatment on their earnings from these partnerships, known as carried interest. Because these earnings are considered long-term capital gains, they are taxed at a much lower rate than salaries.

This advantageous tax treatment is an enormous driver of the wealth gap in the United States...”