Thread by @HollyBlomberg, Blackstone’s Steven Schwarzman & his smarmy defense of income inequality (the poors [...]

Holly

HollyBlomberg

Blackstone’s Steven Schwarzman & his smarmy defense of income inequality (the poors lack education) https://flip.it/NaRS3U

Also Steven Schwarzman:
1. “Greed is good” https://slate.com/business/2007/06/blackstone-ceo-steve-schwarzman-s-unbelievably-foolish-antics.html

2. Ripping off his own investors https://www.sec.gov/news/pressrelease/2015-235.html 1/

Blackstone CEO Steve Schwarzman's unbelievably foolish antics.

In this new Gilded Age, there are few limits on how magnates can flaunt their fortunes and game the system in their favor. But Stephen Schwarzman,...

https://flip.it/NaRS3U

3. Salivating over his hedge fund’s potential profit overseeing Saudi investment in US infrastructure https://www.ibtimes.com/political-capital/if-pence-shapes-trumps-infrastructure-plan-who-would-profit-who-would-pay-2568586

4. Profiteering on Long Term Care https://www.jacobinmag.com/2019/10/long-term-care-crisis-seniors-medicare-aging

5. Banking on destruction of the Amazon https://theintercept.com/2019/08/27/amazon-rainforest-fire-blackstone/ 2/

6. Fueling the GLOBAL housing affordability crisis https://www.greedystephenschwarzman.org/2019/05/united-nations-slams-blackstone-group-for-fueling-global-housing-crisis/

7. Coasting through ‘loopholes’ in the US tax code https://www.thenation.com/article/blackstone-greed/

8. Once likened raising taxes on private equity firms to “Hitler invading Poland in 1939” https://www.newsweek.com/schwarzman-its-war-between-obama-wall-st-71317 3/

United Nations Slams Blackstone Group for Fueling Global Housing Crisis

United Nations housing experts Leilani Farha and Surya Deva recently delivered a strong critique of Blackstone Group’s harmful role in the global housing affordability crisis. In a March 2019 letter...

https://www.greedystephenschwarzman.org/2019/05/united-nations-slams-blackstone-group-for-fueling-global-housing-crisis/

This list could go on forever. Schwarzman’s Blackstone is the poster child for capitalism run amok https://www.washingtonpost.com/business/the-786-million-question-does-steve-schwarzman--or-anyone--deserve-to-make-that-much/2019/01/04/ea9f9e9c-0df1-11e9-84fc-d58c33d6c8c7_story.html 4/end

Perspective | The $786 million question: Does Steve Schwarzman — or anyone — deserve to make that...

What someone earns is thought to reflect how much we add to economic output, but in a modern economy, creating products and services is a team sport.

https://www.washingtonpost.com/business/the-786-million-question-does-steve-schwarzman--or-anyone--deserve-to-make-that-much/2019/01/04/ea9f9e9c-0df1-11e9-84fc-d58c33d6c8c7_story.html

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