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Chief
Time for carried interest to go. It’s just a matter of time. Oh and for the investors, see below:
Chief
I didn’t say you did friend. But just because rules are written doesn’t make them correct. Also the fact that you used the classic “but the children and helpless will suffer if we suffer” is so elementary
Rising Star
Don’t have any problem with PE in general. I just think the tax treatment of carried interest is unfair and unnecessary
What is unfair?
Rising Star
Ok
Rising Star
Never understood disliking them. I don’t really care but obviously someone thinks it’s worth putting money with them.
Chief
People hate on people who make more money than them. There’s not much more behind it.
people hate on PE because of what you do and how you operate, not because of who’s cash your holding
Rising Star
Perhaps. But definitely doesn’t logically follow that PE is an overall good for the economy, and certainly not for workers as a whole.
Chief
Agreed, but some of the hate comes because hedge funds will tank a company to make money. So in that case it’s a zero sum game and all people see is mass layoffs and not better returns for “the teachers union”
Chief
My point was that hedge funds do this in the public eye and that I believe people transfer some of that hate to PE firms since they often come in and restructure companies. In the eye of most blue collar workers, PE firms and hedge funds are different names for the same evil that is laying them off.
This isn’t an oppinion I’m familiar with