Leon Cooperman, an investor and hedge fund manager worth roughly $3.2 billion, has criticized Senator Elizabeth Warren (D-Mass.) for her proposed wealth tax, calling the idea “foolish.” “The idea has no merit. It’s foolish. It probably is not legal,” he said in an interview with CNBC’s “Squawk Box.” “If the wealth tax passes, go out…
In a recent interview with CNN, billionaire Leon Cooperman choked up, visibly upset as he talked about the future he envisioned for his vast fortune and the havoc he imagines a wealth tax, like those proposed by Elizabeth Warren and Bernie Sanders, would wreak on his plans. He characterizes her proposal as “socially and morally…
Elizabeth Warren’s wealth tax proposal has certainly sparked debates not just about basic questions of fairness, of morality, but also about the economic effectiveness and very meaning of taxation. The debate raises the question of what it means to invest in America. Beto O’Rourke, in the last debate, jumped on the Warren-bashing bandwagon, accusing Warren’s…