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PS - the owners of these company's are also complicit as they let the PE shops come in in the first place.
Hostile takeovers do happen.
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What lost tax revenue do you mean? Self-employed/temp/gig workers still pay the same taxes as full time employees.
Not necessarily. https://turbotax.intuit.com/tax-tips/self-employment-taxes/t... See 20% deduction on self employment income.
> Because private-equity firms appear frequently as villains in the press, many people assume that they cater mostly to the superrich, earning high returns on investments for billionaire clients. They do. But by far the most important piece of their business — 48 percent, according to the data-analytics firm Preqin — is investing capital for American pension funds. This doesn't get mentioned often enough when talking…
I’ve been shocked to the extent politicians haven’t focused on the lost tax revenue from the gig economy. I’m certain it’s caused a drop in tax revenue from what would normally constitute middle class tax payers.
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As a firearm enthusiast, the answer to "How many guys does one need?" is always "Just one more." It's a fun hobby that I can spend time with my kids. They also make great investments as a quality firearm holds it worth and often increases in value.
And of course, the more of them we have around, the better the chances that one of them will somehow accidentally get misused one day. Oh, sorry; I'm sure you're entirely careful and responsible, all the time, just like every other firearms buyer. So there's clearly no problem with having an ever-increasing number of them around.
Fully agree.
Yet another leveraged buy-out. Are there any business cases where one of these panned out well?
Yet another leveraged buy-out. Are there any business cases where one of these panned out well?
As a way for old-timers to retire and pass on control of small private companies, LBOs are really useful. The problems started in the 80s when private equity firms realized they could sell enough junk bonds to do LBOs on giant publicly-traded companies.
This is not an uncommon story for firearm manufacturers unfortunately. Tooling costs are high, sales hard to predict, and designs can fail easily. Ian McCollum of Forgotten Weapons has done a lot of videos on this topic.
There's also the issue - perhaps - of market saturation. How many guns does one need? My pro-gun friends typically seem to have 2-3 but shy away from any more than that.
Not a mystery: Private equity firm bought them out with borrowed money, raided their resources to enrich themselves, then left Remington to rot. It is a common story now. The private equity firm makes a bunch of money and people are jobless.
PS - the owners of these company's are also complicit as they let the PE shops come in in the first place.
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There's also the issue - perhaps - of market saturation. How many guns does one need? My pro-gun friends typically seem to have 2-3 but shy away from any more than that.
Did you ask how many they had and get the answer, "oh, a few"?
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I'd describe it as less "borderline fashion" (which any hobby has) more as legal caprice. Historical examples: * The Firearm Owners Protection Act banned machineguns manufactured before 1986. * The Federal Assault Weapons Ban banned certain semi-automatic weapons excluding those manufactured before 1994. Firearm hobbyists need decade-plus forward thinking predictions. What's today legal is a felony tomorrow, unless s…
I'm not sure I understand. You see popular revolvers selling well... nobody is buying those based on the law.
There were lengthy and severe shortage of small arms and ammunition following both Obama's election and the Sandy Hook shooting, especially .22 caliber ammunition. [1]
I don't think .22 ammunition is on the chopping block, but there's a general positive feedback loop, like a bank rush.
[1] https://en.wikipedia.org/wiki/2008%E2%80%9313_United_States_...