Multiple PEU Tax Breaks in Big PEUtiful Bill

A Bloomberg Radio interview regarding Trump II's tax doge for the super wealthy is worth the listen. 

Politico reported: 

The bill includes an expansion of a little-known break that Silicon Valley investors have used to nix tax bills on tens and even hundreds of millions of dollars in earnings from Internet startups

CNBC's Inside Wealth noted the impact of this venture capital tax dodge:

the new rules would allow an investor to put $74.9 million into a small business and have up to $749 million exempt from capital gains if it sold for more than 10 times the original basis.

That's a tax-free ten bagger.  Vice President J.D. Vance is former venture capitalist and junior TechGod.  Vance broke the tie in the Senate allowing the Big PEUtiful Bill to go back to the House.  The Narya Capital founder voted a giant tax break for his VC peers that could boomerang to his personal benefit.

It should be no surprise that private equity underwriters (PEU) also win.  EY advised in 2022:

For a private equity firm structured as a pass-through partnership, the "qualified small business stock" exclusion is available at the partner level rather than the partnership level. Thus, rather than the partnership being subject to one $10 million exclusion, each partner may avail themselves of their own $10 million exclusion. In order to benefit from Section 1202, however, in addition to the other requirements discussed below, each partner must have been a partner in the partnership on the date the QSBS was acquired and at all times through the date of sale, and the percentage that may be excluded cannot exceed the partner’s ownership percentage in the partnership at the time the stock was acquired.

Orrick Law Firm lays out the new rules.

President Trump signed into law the “One Big Beautiful Bill Act” that significantly expands the tax benefits available for qualified small business stock (QSBS). The expanded QSBS benefits apply to stock acquired after July 4, 2025

Politicians Red and Blue love PEU and their new TechGod brethren.  Increasingly, more are one.  Government of the PEU/TechGod, by the PEU/TechGod and for the PEU/TechGod.  

How doth elected officials show their love to PEU?  Let me count the tax breaks.  Just include the highly unpopular ones.  

Trump Signs Big PEUtiful Bill

Trump II signed the Big PEUtiful Bill into law at a White House ceremony.  It was part of a big July 4th celebration.

Who needs a founding father or even a Holy Father, when you can have Daddy?

Trump usurps everything.  He surrounds it, embraces it, suffocates it and draws it into his ownership sphere, all for the sake of his glory and profit.  Much like a private equity underwriter (PEU).

The Big PEUtiful Bill leverages debt like private equity, a new $5 trillion.  Once again, the rich get richer:

millionaire earners will see an average after-tax income increase of $75,000 in 2026

So lets give a cheer for Trump's American Spirit - OLD, LOUD & GREEDY!

Land of Make Believe

Once upon a time financial barbarians schemed to take over the political system, endearing themselves to both the Red and Blue political parties through donations (direct and indirect via affiliates), lobbying and political action committees, as well as the lure of post public service employment as a private equity underwriter (PEU).  Legendary PEU founders became "policy making billionaires" and elected officials did their bidding in exchange for boat or balloon rides.

PEUs could be on all sides of a deal, debt and equity, while multiple affiliates could earn fees for their role in making the deal happen, as could the parent PEU.  Elected officials said this was good as there were "many arms of various lengths."

A wise man in the story observed private equity and characterized it as:

Everything is ours.  We do not lose.  We do not pay taxes. We create the prices.  We make and change the contracts.  We do not use our money.  We make the laws.

This broad widespread power is strange because many PEU firms have a history as bad actors.  The wise man asked:

Who knew free markets meant free passes to corrupt insiders?  Have you ever seen a system where the perpetrators of previous financial carnage and malfeasance are allowed to glide through to their next scheme with the regulatory runways foamed so they can light the fuse of a greater financial systemic bomb? 

The era of make believe did not descend on us in a day.  It's been in the making since PEUs were founded and grew in political power/influence.  The wise man paid attention.   

We have witnessed so much corrosive behavior, we think it's normal.  Once you accept a little corruption, like diehard Clinton fans, Obama fans, and George W. Bush fans, you let the Devil in the door. 

The next step is how many meals the Devil shows up for? Trump hosts a 24 hour "all Beelzebub can eat" carving station, set up buffet style. It's all the same, the only difference being what's in the DOGE bag. 

There is no pushback because everyone is in on the take. Private equity has shown us the way. Private equity puts up numbers you cannot see and verify, and Trump engages in the same with all "the deals" he announces and claims victory without details.

The Devil would be in the details but they are never shown by the PEU boys or their political supplicants.  Surprise provisions enter legislation and "no one knows" where they came from.  Thus, we are living in the Land of Make Believe.  

Politicians Red and Blue love PEU and their new TechGod brethren.   Increasingly more elected officials are PEUs, some in the past, while others have that as their future.

The Land of Make Believe has a PEUture.  For the rest of us, it remains to be seen, but early signs are "you are on your own" and there are no financial cops on the beat.

Update 7-8-25:  Axios reported the poor performance of PEU funds long in the tooth:

...fund performance peaks by Year 10, no matter the decile, and universally declines after Year 12. Rather than a J-curve, it's more like the number 5 resting on its hump

Insufferable TechGods Go Banking

Billionaire TechGods hope to open a digital only bank in Columbus, Ohio.  The group includes TechGod of War Palmer Luckey, TechGod of Spying Joe Lonsdale and Superior TechGod Peter Thiel.  

Erebor, the people-less digital bank, will fill the void left by the collapse of Silicon Valley Bank.  Really?  Regulators are going to approve a new bank for the person who took down the old?

If it had been Apple Valley bank with regular folk the normal FDIC max of $250,000 would have held.

Erebor will be a crypto focused bank and hold stablecoins, also known as "the pretty."  Thiel already has a Bitcoin Treasury gig with Anthony Pompliano's ProCap Financial.  

Erebor's name has interesting roots.

Straight from the Underworld of Dark TechGods, the live forever, tax hating variety.  These are the people benefiting from Trump II's Big Beautiful Shirk & Jerk.  They freely take from the Treasury, but hate to give.

Erebor is a churn play by Palmer Luckey who plans to employ 4,000 workers by 2035.  Those people need a bank.  Why not a captive one?

Update 12-6-25:  Lonsdale said he wants to invest in Iran.  Joe must be studying under the mullahs given his desire for public executions done by masculine leadership.  

It's imperative to use all that information obtained from spying on U.S. citizens.  Otherwise Uncle Sam may quit paying the TechGods billions.

Trump's Big Beautiful Shirk & Jerk

To celebrate the passage of Trump's big beautiful shirk and jerk benefiting the billionaire class, the Trump Organization is releasing a truly one of a kind music masterpiece.  "There really has never been anything like this.  Not in the history of the world."

Donald Trump sings the Hits of the 80's New Wave era.  

Trump noted making the record brought back memories of the 80's palling around with Jeffery Epstein and his cadre of child sex victims.  

In his sales pitch Donald noted people can download the album on their new Trump Mobile T1 phone, possibly made in America or a country that rhymes with it, or a country that does not rhyme, in which case it would be Bust dat Rhyme.  The T1 comes with a White House number pre-loaded.  It's listed under "Daddy."

Trump expects big sales of both the phone and album on Amazon.  Please buy both items ASAP as Jeff Bezos has a monstrous wedding bill to pay.  

Trump noted that he did not touch Medicaid.  Congress did with a little help from the special executive department DOUGEBAG (Department of Ungodly Greedy Executives Biased Against Government). 

Just like he did with government operations, Trump is turning Medicaid over to the TechGods.  Good luck navigating the proof of work portal, guaranteed to give one cardiac arrest or, if kicked off enough times, a major stroke.  

Which leads us back to the Big Beautiful Shirk & Jerk, benefitting billionaire private equity underwriters (PEU) and their new TechGod brethren.

TechGods are coming after your language and cognitive skills.  Just in case they're already having an impact, the Trump sings the 80's is a joke, DOUGEBAG is a takeoff on DOGE, but pretty much the rest is accurate.

Update 7-3-25:  The House passed the BBS&J, so Trump II can now celebrate by singing "I'll Melt the World to Stomp on You."  The bill accelerates Social Security and Medicare insolvency to 2032.

Update 11-25-25:  DOGE is no more.  It did not even fulfill the length of its charter.

Insider Money Funnel on Hyperdrive

DOUGEBAG could not find hundreds of thousands in wasteful spending, specifically $600,000 for golf carts and $80,000 for portable toilets (as it would not be right for nonmember Secret Service agents to use club facilities.)

The insider money funnel continues pumping huge sums to government officials with full time jobs like Governor Kristi Noem who got $80,000 for fundraising.  Noem did not declare this money when she became Homeland Security Chief.

Former Congressman Matt Gaetz has been offered a home run payment of $2 million for a major deliverable, one requiring Gaetz use all his connections to Trump II, the digital Caligula.

So while the Red Team was circulating serious green a citizen in Miami was rounded up by police and thrown out of a meeting.  Their offense?  The expectation that a question would be answered.

That citizen failed to show up with green fuel for the insider money funnel.  No acknowledgement of you...no answers as you are not really there.

Update 7-6-25:  Variety reported that actor Michael Douglas said the following:

Politics now seem to be for profit. Money has entered democracy as a profit center. People are going into politics now to make money. We maintained an ideal, an idealism in the U.S., which does not exist now.”

Update 8-1-25:  The Trump insider money funnel approaches EF-5 on the Fujita scale but CNN reported a reminder of how the Blue Team plays the same game:

Former senior Biden adviser Mike Donilon told the House Oversight Committee on Thursday that he was paid $4 million working on the former president’s 2024 campaign and was set to receive an additional $4 million if he was reelected

That's small potatoes for Trump who aims to have over $200 billion in net worth by the time he leaves office.  The sums of money thrown around are mind boggling to those struggling to get by.  

New Party Time in the Schism

The dynamic duo of Pablum and Doink has deteriorated to the point that one must go.  The two billionaires paired orbits to get Pablum elected and Doink the opportunity to impart his mark on government via DOUGEBAG (Department of Ungodly Greedy Executives Biased Against Government).

DOUGEBAG employed the private equity underwriter (PEU) playbook.  That includes substituting people for crappy, incapable and unreliable technology.

Their two massive egos eventually repelled one another.  Pablum created his own new universe which takes common words in use for centuries and brands them as new on his social media site.  I expect he'll eventually put them all in a book and sell it, Creations by Pablum:  Usurped from Webster.

Doink returned to his six five companies and his six five part-time CEO jobs.  A former business partner said this of the fractured relationship between Trump and Musk:

“Knowing Elon the way I know him, I do think he’s going to do everything to damage the president.”

That appears to be underway.  Pablum is known for punching back harder, so this could quickly get out of hand.  How long before the two go supernova?  Beware the blast radius.

Update 7-2-25:  Jesse wrote:

I have trouble finding reliable sources of information these days. 

 And when it comes to making careless, clickbait statements of speculation, excess is considered the rule. 

 This is the age of puffery. And the cheeto-bandito is the puffiest.

And I thought Pablum nailed Trump II, the digital Caligula.  Add Puff Daddy Cheeto-Bandito to the list.