My two cents: PE has been a huge home run because stocks have rallied, but also because their funding costs have been minimal, and returns have been supercharg

My two cents: PE has been a huge home run because stocks have rallied, but also because their funding costs have been minimal, and returns have been supercharged due to leverage (no such thing as Reg T in PE land). And yes, the carried interest loophole is a disgusting abomination that cannot be undone in an orderly and democratic fashion because the chief beneficiaries of this loophole are now all billionaires and can/have bribed all the politicians of both parties. People like Sanders and Ocasio Cortez can undo this, but they are socialists who are probably also keen on undoing a bunch of other stuff the the center/left, center and center/right support. e.g. free enterprise, low taxes, and minimal government interference in our business and personal lives.