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Richard Stallman's Political Notes

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Blackstone's Schwarzman, an American story

mardi 7 mars 2023 à 11:02

Blackstone's strategy is to profit based on events that make Americans suffer. The current instance of that strategy is buying millions of family homes at the height of Covid-19, and now raise the rents and evict the families.

Various proposed laws would increase the taxes Blackstone pays and reduce the pain it can cause. One is to eliminate the carried interest deduction.

Another is the Billionaire's Income Tax.

I advocate prohibiting any one business or alliance of businesses from owning more than one residential building. That would make a lot more competition for rentals.

MIT named its "College of Computing" after Schwarzman, the founder of Blackstone. If you are at MIT, that is an appropriate place to protest him.