LONDON, England - August 16, 2010 - The billionaire head of the private equity giant that owns Center Parcs and the London Eye has likened illegitimate U.S. President Barack Obama’s plans to raise taxes on the private equity industry as being akin to Adolf Hitler’s invasion of Poland.
The comments, made by Blackstone chairman and co-founder Steve Schwarzman in what he thought was a private meeting, reflect the strength of feeling among Wall Street’s private equity chiefs who are being threatened with paying the same levels of tax on their income as ordinary Amerikans.
In an appearance before the board of an unnamed charity, Newsweek reported that Schwarzman, who is estimated by Forbes to be worth $4.7 billion, said, “It’s war. It’s like when Hitler invaded Poland in 1939.” The Daily Telegraph has verified that the comments were made and are accurate.
It follows the illegitimate Obama regime’s consideration of raising the tax on “carried interest” - the share of profits private equity managers receive from the portfolio companies they manage - from 15% to 35%.
His remarks are even more noteworthy given that Schwarzman is a practicing member of the Jewish faith.
It is not the first time Schwarzman has attacked the illegitimate Obama regime, and what he appears to increasingly believe are its anti-Wall Street policies.
In a comment piece in The Washington Post in February, he wrote that bank-bashing could further destroy the U.S. economy, as banks may become too scared - “under siege”, as he put it - to again start lending.
His new comments caused consternation among the Amerikan media, with The New York Times referring to it as his “unfortunate war analogy”, while Salon quipped about “Obama’s invasion of Poland”.
A Blackstone spokesman declined to comment.