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Readers argue that private equity firms dominate the market to generate the high yields needed to keep underfunded pension plans solvent, often doing so by gutting the quality of essential services and goods. This wealth extraction transfers value from workers and consumers to asset holders, although some readers note the industry's primary motivation is simply generating high fee revenue. Ultimately, the discussion suggests that merely restructuring public pensions will not eliminate private equity, as firms are increasingly targeting individual retirement accounts and leaving bankrupt companies' pension obligations as taxpayer burdens.
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