Billionaire Leon Cooperman confirms the wealth-tax implementation problem: rich people will hide assets

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 43 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 51%

United States Headlines News

Business Insider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.

of the letter at the time, which reportedly said"your vilification of the rich is misguided, ignoring, among other things, the sources of their wealth and the substantial contributions to society which they already, unprompted by you, make."

In his most recent CNBC interview, he doubled down on his concerns over the vilification of the wealthy:"We all have to work together to deal with our problems, and it's as simple as that.", and is seen as one route to address inequality, which has been exacerbated by the pandemic. "The ultra-rich and powerful have rigged the rules in their favor so much that the top 0.1% pay a lower effective tax rate than the bottom 99%, and billionaire wealth is 40% higher than before the COVID crisis began," Warren said in a

."A wealth tax is popular among voters on both sides for good reason: because they understand the system is rigged to benefit the wealthy and large corporations."LoadingBy clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Hide assets will mean tax evasion. I don't think many will risk it

BITech Rich people already hide their assets! Make it an expensive fine and a lot of jail time and we will see wants to have a go at it! CriminalJustice

Joint us raising money to support the Afghan people for the humanitarian efforts to raise charitable funds for poor families in Afg affected by the Coronavirus,poverty, hunger and war, please donate a small amount for humanity. Share with billionaire .

Uh-huh. Do go on.

Than you need to create incnetives to prevent that too. Like this is not rocket science. Say what you will about trump but when he threatened to tax every vehicle sent through the border, automakers listened.

Will ? like in the future, like they dont do it now?, oh, ok, cool story bruh....

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Elizabeth Warren invites billionaire critic Leon Cooperman to testify at Senate hearing on taxesSen. Elizabeth Warren and billionaire Leon Cooperman have clashed many times. When long term capital rates are 15%, and we're running a 30 trillion debt...God Bless Leon if he can tell us how to get out of debt without raising taxes. We know Trickle Down economics doesn't work, and that Republicans never balance a budget. So what's the answer Cooperman? ewarren Totally bait and switch by Pocahauntus. Guaranteed. ewarren Politicians promote own agenda?
Source: CNBC - 🏆 12. / 72 Read more »

Elizabeth Warren invites billionaire rival Leon Cooperman to testify on her wealth taxDemocratic Senator Elizabeth Warren wants longtime hedge fund executive Leon Cooperman to testify on her proposed wealth tax, which the billionaire has slammed as 'foolish.' The rich will never pay their fair share, neither will the poor, because fair share will never be truly be fair. destroy him history has already shown, we do not ask the powerful billionaires or their governments if they must pay taxes or share, the simple or wealthy people, left or right, must inevitably decide and revolt against these ultimate parasites
Source: CNN - 🏆 4. / 95 Read more »

Leon Cooperman declines Elizabeth Warren invite to testify at Senate hearing on taxesSen. Elizabeth Warren and billionaire Leon Cooperman have clashed many times. Lol why would anyone agree to testify in front of this most self-serving person in government? Biden already said no. Now sit down. horrible
Source: CNBC - 🏆 12. / 72 Read more »

Leon Cooperman calls Warren's wealth tax ‘foolish,’ says people would hide money to avoid it'We've got to decide whether we’re a capitalist nation or a socialist nation.' Billionaire investor and hedge fund manager Lee Cooperman discusses and refutes the 'Ultra-Mllionaire' tax. 'I'm a capitalist with a heart.' They had their 🎂 and are it too, while we look for a plate, its time to pay your fair share, america gave you the environment, market and freedom to become more wealthy than you could in any other nation... Fuck this guy I might believe him when he stops being a billionaire.
Source: CNBC - 🏆 12. / 72 Read more »

Leon Cooperman sees stock market lower a year from now due to tax, rate, inflation pressures'I'm prepared to pay more in taxes and I think 50% is a decent number,' Leon Cooperman says. The billionaire investor speaks out about who he voted for in the presidential election and where he sees the market one year from now. Elizabeth Warren has no intellectual depth. 🤡🤡🤡🤡 He may be willing to pay that high rate, others are not.
Source: CNBC - 🏆 12. / 72 Read more »