David Rubenstein on Populism, Brexit, Tax Reform

The video discusses the rise of populism and its potential impact on global politics and the economy. It covers the economic challenges faced by the middle class, the implications of Brexit, and the potential effects of US tax reform on private equity. The speaker also outlines Carlyle Group's investment strategies and future plans, emphasizing the importance of adapting to changing economic conditions.

What is a major concern for political and business leaders regarding populism?

• It will have no impact on global politics.

• It will stabilize the world order.

• It will lead to increased global cooperation.

• It will destabilize the world order and threaten growth.

What is a significant issue faced by the middle class and blue-collar workers globally?

• Rising per capita net income.

• Excessive economic growth.

• Stagnation in per capita net income.

• Decreasing middle class population.

What was the outcome of the Brexit vote?

• A clear decision to remain in the EU.

• A 52-48 vote in favor of leaving the EU.

• No decision was made.

• A unanimous decision to leave the EU.

What is one potential change in US tax policy discussed in the transcript?

• Reduction in personal income tax rates.

• Increase in corporate tax rates.

• Elimination of the deductibility of interest expenses.

• Introduction of new tax deductions.

How might private equity firms like Carlyle respond to changes in interest deductibility?

• By increasing interest rates.

• By halting all transactions.

• By paying lower prices for transactions.

• By increasing transaction prices.

What business area is Carlyle focusing on expanding in 2017?

• Retail business.

• Global credit and infrastructure business.

• Real estate business.

• Technology business.

What is the approximate value of assets under management in Carlyle's credit business?

• $20 billion.

• $90 billion.

• $50 billion.

• $35 billion.