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Reddit stock collapses 23% as AI eats away at user growth
(finance.yahoo.com)
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this post was submitted on 01 Aug 2026
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For sure, private equity groups are ruining everything. Nursing homes, veterinarians, bakeries, housing, healthcare, and I guess now bowling and pretty much every form of human social connection or recreation that can possibly involve money.
A few weeks ago I read a long article about a sudden surge in venture capital buying up local utility companies.
They saw the price people get charged for electricity and water jumping a lot and figured that if they bought the utility companies and added in an extra 30% that was pure profit to them it would just seem part of the data center bullshit already happening.
They're leeches.
You want to know how to nip all that private equity activity in the bud? Let's start to tax the billionaires with a vengeance.
Private equity is all the untaxed, unbanked (because when you have billions of dollars, the banks charge you to hold it) wealth of the billionaires.
Let's tax it like wealth used to be taxed back in those "Great" 1950's that Trump wants to take us back to..
100%. Tax yearly income beyond something like one million at 90% and make sure 'income' includes stock, bonuses, maybe even per diem.
I'm also not opposed to voting the most awful of the most wealthy off the island and taking all of their assets for public good. Like if the whole elite child sex trafficking thing ever gets real investigation, those people for sure.
Having all your lands and titles forfeit to the crown (the people, now) and being exiled as a pauper or publicly executed should make a come back.
It doesn't even take that particularly intelligent of a child to realize that allowing the wealthy to just hoard the majority of money to themselves is a stupid idea.
It's essentially the "I'll keep every penny I ever earn and not spend a single one" on a national scale. Does no use to us once we're all dead.