Re: Should the government raise taxes on private equity?
David M. Rubenstein is a Co-Founder and Managing Director of The Carlyle Group, one of the world’s largest private equity firms. Mr. Rubenstein co-founded the firm in 1987. Since then, Carlyle has grown into a firm managing more than $85 billion from 29 offices around the world. Prior to co-founding Carlyle in 1987, Mr. Rubenstein practiced law in New York, with the firm of Paul, Weiss, Rifkind, Wharton & Garrison; served as deputy assistant to the president for domestic policy in the Carter administration; and practiced law in Washington, D.C., with the firm of Shaw, Pittman, Potts & Trowbridge. Mr. Rubenstein is a member of the Board of Directors of The Council on Foreign Relations, the Institute for International Economics and Freedom House; the Board of Trustees of Johns Hopkins University, Duke University, Cold Spring Harbor Laboratory, the Kennedy Center for the Performing Arts, the Lincoln Center for the Performing Arts, the Center for Strategic and International Studies and the Dance Theatre of Harlem; and a member of the Visiting Committee of the Kennedy School of Government at Harvard and the National Advisory Committee of J.P. Morgan Chase. He is based in Washington, DC.
Recorded on: 9/13/07
Rubinstein discusses what this might mean for the industry.
Americans just want to pay their bills. Is universal basic income the path to financial stability and economic opportunity?
- Chris Hughes, cofounder of Facebook, sees universal basic income as a way to stabilize the lives of those who need it most. A foundation of $500 per month could solve many of today's economic problems.
- Much of the criticism surrounding UBI comes from a place of myth and mistrust. If you give someone cash, how can you be sure they'll spend it responsibly? The fact is, cash is the most effective way of providing economic mobility.
- To reboot the American dream, we must address the moral and practical issue that many Americans lack basic financial stability. To bolster the economy and avoid another depression, UBI could be the answer.
A few traditions in the Roman Catholic Church can be traced back to pagan cults, rites, and deities.
- The Catholic rite of Holy Communion parallels pre-Christian Greco-Roman and Egyptian rituals that involved eating the body and blood of a god.
- A number of Catholic holidays and myths, such as Christmas, Easter, and Mardi Gras, graph onto the timeline of pre-Christian fertility festivals.
- The Catholic practice of praying to saints has been called "de-facto idolatry" and even a relic of goddess worship.