Everyday Finance

Not So Fast: The Backlash Against Private Equity

I was disturbed to hear on CNBC this morning that there's a push to increase the tax rate on Private Equity firms. Any time a sector starts performing well (can you say windfall tax for energy, trying to regulate Pharma) and the government starts meddling in free market forces, I get frustrated. They pretty much destroy whatever they touch and free market principles/entrepreneu... are what made this country great and continue to drive innovation and job creation. Hopefully it's just talk. Don't even get me started on gas price regulation.

Dan at everydayfinance