Private equity and other private funds control growing portions of the economy, including in areas crucial to all of our lives, like housing and care–typically increasing prices and decreasing quality. These billionaire factories repeatedly take advantage of loopholes and exemptions to funnel money to their executives at the expense of workers, patients, consumers, real economy businesses, and a sustainable planet. We can change the rules to stop their extremes of extraction.
Advocacy
Resources
AFR In the News
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Private Equity Delivers High Risk, Low Returns, and Costly Fees
Private equity does not deliver the superior returns that its advocates insist justify pension fund investment in this sector, and would be highly risky for retail investors, according to a new report published by the AFT and Americans for Financial Reform Education Fund.
AFR In the News
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In the News: Lawmakers question leadership swap at company managing CDPAP home care program
The change in leadership has raised concerns from members of the state Legislature, who plan to hold a public hearing this summer on the state’s recent handling of the home care program.
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In the News: Private equity’s big tax perk is the one that got away — again
Yet one tweak that ought to have been included wasn’t: the “carried interest” distortion that plumps the feather beds of private equity executives.
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In the News: Trump’s media company plans to raise $3B to buy crypto as conflict of interest claims deepen
Trump’s various crypto holdings have increased his family’s wealth by an estimated $2.9bn, according to a recent report from State Democracy Defenders Action.
