CEO says US should let billionaires and hedge funds 'get wiped out' - Business Insider

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'They don't get to summer in the Hamptons? Who cares?': CEO says US should let billionaires and hedge funds get 'wiped out' during the coronavirus crisis

that poor-performing billionaires, hedge funds, and massive companies — including airlines — deserved to be "wiped out" during the coronavirus pandemic.

in a span of two weeks. Palihapitiya said average Americans filing for unemployment would bear the brunt of the economic crisis, not billionaires, their companies, or hedge funds.

 

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Socialism or free market capitalism? They should pick one and stick with it.

Palihapitiya take number two position in the world as the dumbest person behind Trump. This crap he's spewing is utter nonsense. Here's a thought... Let his Social Capital collapse

Absolutely correct... American Taxpayers should NOT bail them out or reimburse in any way. Those participating in hedge fund offerings are Accredited Investors. They are finally knowledgeable & know full well, upfront, that part or all of their investment is at risk.

Agreed. Then we can transfer the wealth from the 1% to the 99%. The algos are programmed to buy the DowJones assuming everything returns to normal. It will never be normal again

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