Sunday, November 16, 2014

PEU Barons Right to Carried Interest

What if private equity underwriters gathered to document their concerns to public officials?  A similar gathering of the powerful and influential occurred in 1215 and it produced the Magna Carta:

Magna Carta was written by a group of 13th-century barons to protect their rights and property against a tyrannical king. It is concerned with many practical matters and specific grievances relevant to the feudal system under which they lived. The interests of the common man were hardly apparent in the minds of the men who brokered the agreement. 
The document stated:

Common pleas are not to follow our court but are to be held in a certain fixed place.
Today's Greed-a-Carta would say something like:

Only the common are to pay publicly stated rates of taxes.  Members of the PEU court are to have access to preferred taxation rates known as carried interest.

King John signed the Magna Carta to quell a rebellion.  PEU Robber Barons have no need to rebel, given they sponsor and control the system.  However, the common person may be at their wits end from Congress' catering to the greed and leverage boys for well over a decade.