Fed should pay every American more, let hedge funds and billionaires ‘get wiped out’

Found on MarketWatch on Sunday, 12 April 2020
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Appearing Thursday on CNBC’s “Fast Money Halftime Report” Palihapitiya said the U.S. shouldn’t be bailing out billionaires and hedge funds when it’s the people on Main Street who are the ones actually getting hurt.

“Just to be clear on who we are talking about. We’re talking about a hedge fund that serves a bunch of billionaire family offices. Who cares? They don’t get the summer in the Hamptons?” Palihapitiya said. “Who cares? Let them get wiped out.”

Now what should one think about such claims, when the investor Palihapitiya himself became a billionaire, as all of his incomes combined were estimated at $1.1 billion?