Skip to main content

Hey, look, Blackstone isn't an LP anymore!

Well, that's a boring story about accounting. Did Steve Schwarzman do anything else today?

Blackstone CEO and Chairman Stephen Schwarzman on Thursday outlined what he called a “Marshall Plan” for the middle class to address increasing income inequality in America.

The billionaire private equity titan and supporter of President Donald Trump pointed to three main pillars of the plan: a higher minimum wage, more resources for technical training programs in schools and the elimination of taxes for teachers.

Wait...Steve Schwarzman? Our Steve Schwarzman? Baron von Stone Crabs? Did he hit his head or something?

“What we have is less an issue of income inequality than income insufficiency for the bottom 50% of the society,” he said on CNBC’s “Squawk Box. ”

“I look at this as a systemic problem. This is not anecdotal,” he said. “This is like half of our society is severely disadvantaged. We can’t allow that to continue, so that means you need policy solutions.”

Umm, is the most capitalist man ever born about to buy a van and join up as a volunteer with the Bernie campaign? What the actual fuck is happening here? Is Yale's favorite self-parodying alum really joining up with Jamie Dimon, BriMo and Larry Fink to go new age socialist?

He also said teachers should not pay taxes to help improve education levels in America.

“I think teachers is where the key is. We have to address getting the best people. It’s not just money. We also have to make teachers a special class in our society,” he said.

We are now going to go check the tape and make sure that The Schwarz wasn't sharply inhaling before he said that.

Blackstone CEO Steve Schwarzman wants US to raise minimum wage, eliminate taxes for teachers [CNBC]



Steve Schwarzman And Trump Have An All-Star Team Of CEOs

Never let it be said that the President-Elect doesn't enjoy name-dropping.

Bernie Sanders Not Sure That Steve Schwarzman Understands How The Stock Market Works

We're starting to think that Bernie might not be a Blackstone investor.


While Everyone Was Watching "Government Sachs," Steve Schwarzman Was Working Trump Like A Puppet

Blackstone will build Trump's America with a tiny $20 billion cash injection from the Saudis.

Schwarzman Bumble

Good News, Single Ladies, Steve Schwarzman Owns Bumble Now

Blackstone owns everyone's favorite feminist dating app...and that's quite the sentence.


Everyone Can Relax, Steve Schwarzman Made Money Last Year

The tax cuts he helped to create are definitely going to help him hold on to a lot of the $1 billion he pulled down last year.

Jamie Dimon, chairman and CEO of JPMorgan Chase(Getty Images)

Area Bank CEO Spends 24 Hours Cosplaying As Presidential Candidate

For a guy who's not running for president, Jamie Dimon spends an inordinate amount of time running for president.