Sunday, February 12, 2023

Choosing PEUs over Elderly

NYTimes conservative columnist Ross Douthat wants government entitlements redistributed from the elderly to young people.  

Who is paying far less in taxes that could be used to support the elderly?  America's super wealthy, many of whom founded storied private equity firms.  

 

Workers know the harms of private equity ownership.  Bain Capital's ownership of Toys R Us resulted in bankruptcy with 33,000 jobs lost.

Politicians Red and Blue love PEU and increasingly, more are one.  One might expect the media to see the connection between political funders and government policy.  The "billionaire policy maker" has been a bug of democracy for decades.  More like a parasite.