The private equity industry, known for its aggressive tactics that prioritize profit, is expanding its influence across many sectors, including healthcare, housing, and energy. The Trump administration's corporate-friendly policies could enhance tax breaks and deregulations that benefit these firms, increasing financial risks for the general populace while enriching wealthy investors. Critics argue this model of 'legalized looting' undermines job quality and essential services. Amidst this, workers are beginning to mobilize against the growing dominance of private equity firms, challenging their exploitative practices.
Private equity firms pool together the money of clients – mostly wealthy individuals and big institutional investors like pension funds and university endowments – into funds they use to take over companies and aggressively restructure them to extract profits.
It's not only that private equity firms are exploiting the tax code to make themselves billionaires; they're also eroding health care, the climate and the quality of jobs across almost every industry.
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