@Jackiemauro @womble i wonder if you could outlaw private equity without outlawing some basic tenet of how private business works that would make it unenforceable. would genuinely be interested in how this would work from a policy/legal perspective. could make a big difference if it was possible — somebody’s prob thought it through!
@sabbatical @Jackiemauro for starters, you could stem the tide of PE firms bleeding acquisitions dry with excessive "management fees" by making payments to related entities non-deductible. As a bonus, that would also largely kill off the offshore tax sheltering scam. Whether dodging taxes is a "basic tenet of how private business works" is a question left to the reader.
@womble @Jackiemauro ah interesting. would that need some mechanism for differentiating from “legit” payments for service? (eg. paying a co to maintain your website or clean your boots, for example)
