My sentiments exactly. The money-shuffling CEOs volunteered for the job, they joined the game of their own volition. Reducing them to their last million, or even less, Cthulhu permit, is hardly a tragedy. Why should everyone else take the hit?
A hedge fund that serves a bunch of billionaire family offices? Who cares? They don’t get to summer in the Hamptons? Who cares!”
Venture capitalist Chamath Palihapitiya stunned CNBC anchor Scott Wapner and generated widespread applause on social media by declaring in a television interview Thursday that the U.S. government should let hedge funds and billionaire CEOs “get wiped out” by the coronavirus-induced economic collapse and instead focus its attention on rescuing Main Street.