> How would this even work? "Private equity" just means shares in non-public companies. How would private companies raise capital, which are often are done in t

> How would this even work? "Private equity" just means shares in non-public companies. How would private companies raise capital, which are often are done in the form of trading equity for cash? I think we could start by eliminating the carried interest loophole. This would eliminate an artificial incentive to engage in PE “work” that really shouldn’t exist in the first place. Of course, in the current environment with fraudsters being pardoned, that’s a fantasy.