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Private equity groups’ predatory practices actively hurt millions of Americans.
Their leveraged buyouts have destroyed the lives of retail workers across the country, scrapping 1+ million jobs. Now they’re holding @taylorswift13’s own music hostage.
They need to be reigned in.https://twitter.com/taylorswift13/status/1195123215657508867…
It doesn’t stop at music. For people w/ friends or family who worked in retail & suddenly laid off or hours deeply cut (Toys R’ Us, Sears, Sports Authority, etc) & sometimes stripped of severance, that goes back to PE as well. 1+ million jobs destroyed.https://www.forbes.com/sites/andriacheng/2019/07/26/the-high-cost-of-private-equity-firms-retail-buyout-13-mln-jobs-study-finds/#187f56746783…
They need to be regulated because they won't allow Taylor swift to have music she SOLD to them?
Imagine being this dense
Best not to look into what Taylor Swift’s dad does if you’re going to use her as a solidarity point
don't blame tayliberal swiift for her republican dad's actions
Taylor Swift was named the highest paid celebrity by Forbes This Year. Does that mean the other side is in the right ? No. But she’s not exactly comparable to minimum wage retail jobs and has many other options to pursue when it comes to getting out of a bad contract
The topic was equity groups and their predatory practices. @AOC highlighted Taylor swifts situation and then highlighted how the same practices effect the everyday working class. Don’t think she was comparing “who has it harder”
https://www.washingtonpost.com/business/economy/as-a-grocery-chain-is-dismantled-investors-recover-their-money-worker-pensions-are-short-millions/2018/12/28/ea22e398-0a0e-11e9-85b6-41c0fe0c5b8f_story.html#click=https://t.co/5eLSNjKOZd …
“These private-equity firms buy a company, plunder it of any assets, and then send it into bankruptcy without paying employees,” said @EileenAppelbaum,...@ceprdc, who studies private-equity... “To anyone but a bankruptcy court, this looks like a swindle.”
It's all about the 1933 and 1934 exchange and security acts and the sophisticated investor, and qualified institutional investors provision that creates Income inequality and restricts private business from access to capital so they sell out for money and get raped
I support anyone who limits the amount of objectively bad Taylor Swift music we have to be subjected to.
lmao the reason they bought her music is because of how valuable it is and how rich it will make them
% People-Funded, no lobbyist
. She/her.![](data:image/svg+xml,<svg xmlns="http://www.w3.org/2000/svg" width="73" height="73"><rect fill-opacity="0"/></svg>)
