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Saturday, October 09, 2021 10:18:48 PM
“The Super Rich Should Be Taxed A lot – Starting with This Guy” – Steve Bannon Targets $10 Trillion Man Larry Fink
The ten trillion dollar man: how Larry Fink became king of Wall St
Laurence D. Fink, Head of BlackRock, the world’s largest money manager which oversees nearly $7 trillion in assets.
BlackRock went public in 1999. In 2006 Fink directed the amalgamation with Merrill Lynch Investment Managers, which doubled BlackRock’s asset management portfolio. The exact same year, BlackRock’s $5.4 billion purchase of a Manhattan home complex became the biggest residential-real-estate deal in U.S. history.
When the job finished in default option, BlackRock customers lost their cash, such as the California Pension and Retirement System, which lost about $500 million.
STEVE BANNON: LARRY FINK IS SOMEONE WE’RE GOING TO MAKE FAMOUS ON THIS SHOW BECAUSE HE RATHER SLIDES BEHIND THE SCENE…
I WANT TO TAX THE SUPER-WEALTHY A LOT. AND ONE OF THE REASONS IS THEY ARE SUPPORTERS OF THE DEMOCRAT PARTY. ALL THESE GUYS ON THE WOKE CORPORATIONS, THE WALL STREET THEY’RE 100% FOR LEFTWING PROGRESSIVE.
MOST OF THEM ARE ATHEISTIC, MATERIALISTIC, CULTURAL MARXISTS… IT SHOULD BE TAX CUTS ONLY FOR THE WORKING CLASS AND MIDDLE CLASS.
I’M GOING TO TELL YOU, THIS IS WHY WE’RE GOING TO THROW THE BUMS OUT… THEY WANT YOU TO BE FINANCIALLY ILLITERATE. THEY WANT YOU TO BE ECONOMICALLY ILLITERATE… YOU’RE THE ONE PAYING FOR THE SYSTEM AND YOU’RE BEING RIPPED OFF.”
Steve Bannon is right.
While the middle class lost their businesses and went broke during the pandemic the super-rich made out like kings.
Please use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach of FT.com T&Cs and Copyright Policy. Email licensing@ft.com to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article service. More information can be found at https://www.ft.com/tour.
https://www.ft.com/content/7dfd1e3d-e256-4656-a96d-1204538d75cd
By the end of June this year, BlackRock was managing a whopping $9.5tn in assets, a number that would be barely comprehensible to most of the 35 million Americans whose retirement funds were managed by the company in 2020.
Assuming its recent pace of growth has continued, BlackRock could reveal in its third-quarter results on October 13 that the number has crossed the $10tn mark. By the end of the year, it is likely to have vaulted over that level.
https://www.ft.com/content/7dfd1e3d-e256-4656-a96d-1204538d75cd
The ten trillion dollar man: how Larry Fink became king of Wall St
Laurence D. Fink, Head of BlackRock, the world’s largest money manager which oversees nearly $7 trillion in assets.
BlackRock went public in 1999. In 2006 Fink directed the amalgamation with Merrill Lynch Investment Managers, which doubled BlackRock’s asset management portfolio. The exact same year, BlackRock’s $5.4 billion purchase of a Manhattan home complex became the biggest residential-real-estate deal in U.S. history.
When the job finished in default option, BlackRock customers lost their cash, such as the California Pension and Retirement System, which lost about $500 million.
STEVE BANNON: LARRY FINK IS SOMEONE WE’RE GOING TO MAKE FAMOUS ON THIS SHOW BECAUSE HE RATHER SLIDES BEHIND THE SCENE…
I WANT TO TAX THE SUPER-WEALTHY A LOT. AND ONE OF THE REASONS IS THEY ARE SUPPORTERS OF THE DEMOCRAT PARTY. ALL THESE GUYS ON THE WOKE CORPORATIONS, THE WALL STREET THEY’RE 100% FOR LEFTWING PROGRESSIVE.
MOST OF THEM ARE ATHEISTIC, MATERIALISTIC, CULTURAL MARXISTS… IT SHOULD BE TAX CUTS ONLY FOR THE WORKING CLASS AND MIDDLE CLASS.
I’M GOING TO TELL YOU, THIS IS WHY WE’RE GOING TO THROW THE BUMS OUT… THEY WANT YOU TO BE FINANCIALLY ILLITERATE. THEY WANT YOU TO BE ECONOMICALLY ILLITERATE… YOU’RE THE ONE PAYING FOR THE SYSTEM AND YOU’RE BEING RIPPED OFF.”
Steve Bannon is right.
While the middle class lost their businesses and went broke during the pandemic the super-rich made out like kings.
Please use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach of FT.com T&Cs and Copyright Policy. Email licensing@ft.com to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article service. More information can be found at https://www.ft.com/tour.
https://www.ft.com/content/7dfd1e3d-e256-4656-a96d-1204538d75cd
By the end of June this year, BlackRock was managing a whopping $9.5tn in assets, a number that would be barely comprehensible to most of the 35 million Americans whose retirement funds were managed by the company in 2020.
Assuming its recent pace of growth has continued, BlackRock could reveal in its third-quarter results on October 13 that the number has crossed the $10tn mark. By the end of the year, it is likely to have vaulted over that level.
https://www.ft.com/content/7dfd1e3d-e256-4656-a96d-1204538d75cd
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