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Private equity firms control around one-fifth of the U.S. economy and around 18,000 companies.

-- and their top executives are among the richest people in the world.

Stephen Schwarzman, the founder of Blackstone, the world’s biggest private equity firm,
is worth $50 billion.

Private equity barons use philanthropy and campaign donations to maintain influence across society.

🔥One of Wall Street’s goals under the new Trump administration is to preserve special tax rules that boost the wealth of private equity and hedge fund billionaires.

💥The most important
— and most egregious
— of these is the carried interest loophole.
#privateequity

https://truthout.org/articles/private-equity-firms-tighten-stranglehold-on-us-angling-for-boons-under-trump/