Private Equity, How Private Is It?

If private equity is as large and successful as it is due to the tax code, then we have another case of private profit and public risk.  In a sense public dollars were given to folks like Willard.  Also, in the case of private equity there is no risk for investors at all.  Talk about rigging the deck and gaming the system.  Would Willard be sitting on $250 million making $20 million a year without the tax code?  Willard didn't make anything but money.  Now you know why Wall Street buys Congressmen and presidents--the tax code.

PRIVATE INEQUITY