Private equity is having a bad decade. So bad that pension funds in Ohio, Oregon, Texas, Alaska, Maine, Nevada, and Washington all cut their PE allocations in 2025.
The smart money is leaving. So PE found new money. Dumber money.
Your 401(k). ๐งต
The minimum wage rose 40% since 2020. Corporate profits rose 60%. Revenue per employee rose 50%. If the wage increase was unsustainable, one of those other numbers would have dropped. None did.
Purposefully turning off the halftime show
Letโs rally together and show big corporations they canโt just do whatever they want without consequences
(which equals viewership for them)
You are their benefit. Realize you have power.
Turn off this halftime. A fake American citizen performing who publicly hates America. I cannot support that.
Private equity is having a bad decade. So bad that pension funds in Ohio, Oregon, Texas, Alaska, Maine, Nevada, and Washington all cut their PE allocations in 2025.
The smart money is leaving. So PE found new money. Dumber money.
Your 401(k). ๐งต
The last time Wall Street "democratized access" to a complex financial product ordinary people didn't understand, it was mortgage-backed securities.
That went well.
@BernieSanders The case for a wealth tax gets stronger when you understand HOW billionaires avoid taxes. It's called Buy, Borrow, Die: grow assets, borrow against them tax-free, die and pass them to heirs with gains erased. Effective rate: near zero. Full breakdown: https://t.co/ZnbitsG0Zs
@garrytan This math has been debunked, but here's what hasn't: the Google founders can borrow billions against their stock, spend it freely, and never trigger a taxable event. When they die, the stepped-up basis erases it all. It's called Buy, Borrow, Die: https://t.co/ZnbitsG0Zs
@chamath "The middle class will foot the bill" โ they already are. Billionaires use Buy, Borrow, Die to pay ~0% income tax. Borrow against stock, spend it, die, heirs get a stepped-up basis. No taxes ever. The middle class subsidizes this. Full breakdown: https://t.co/ZnbitsG0Zs