Private Equity is Mostly Evil

What I have seen from almost every private equity investment is that private equity attempts to harm consumers and employees and other stakeholders to get a good return.

Private equity does things like buy Toys R Us and leverage it to the hilt, then sell it and watch as it collapses.

Private equity buys up every company in an industry niche, then engages in anti-competitive behaviors like tripling prices and cutting employee pay.

Private equity bought out hospital air ambulances operated at a break even level and increased prices to $632,000 for flights on a $500,000 aircraft. Every flight bankrupts a person who can’t say no and is at their most vulnerable.

Private equity must be regulated. Leverage should be capped at no more than 50%. Private equity should only be able to buy at most 1/5th of any industry niche. The capital gains special lower tax rate should be removed and taxed as regular income.

Published by

Joel Gross

Joel Gross is the CEO of Coalition Technologies.