Leon Cooperman: The Coronavirus Will ‘Likely’ Change Capitalism Forever

that the country is shifting to the left politically, and disregarding who becomes president in November, taxes will have to be raised.

“Quickly if Biden wins, slowly if Trump wins, but taxes have to go up,” he said. “Things like carried interest, capital gains taxes, the ability to roll over real estate sales tax free, all that stuff is going to have to be eliminated.”with CNBC comes as markets try to digest worsening economic data showing the impact of the coronavirus—but also declining numbers of new cases, which has given Wall Street some reason for optimism.

With the Trump administration laying out plans for reopening the country, Cooperman said he was optimistic that parts of the economy could start to reopen next month, in May, although he expects the overall recovery from coronavirus to be slow.that the U.S. government should not let companies go bankrupt because of coronavirus. Bailouts would help “avoid the huge surge in unemployment,” he argued.

skleb1234 Why is it okay to bail out companies but not people? F' em. Let them fall and have to beg on the corner for enough money to eat.

skleb1234 We should let corps fail and help the people that worked there

skleb1234 It would be interesting if Forbes created a list of Millionaires and Billionaires who contributed to the Covid 19 cause using all of their great Trump Tax breaks.

skleb1234 'Germany’s relatively low number of deaths compared to other countries in Europe or around the world can largely be attributed to two major factors – the swiftness with which the German government responded to the coronavirus outbreak in the country and Covid-19 testing'

skleb1234 🤔

skleb1234 Like make it socialist? Cause this is straight up bailout

skleb1234 Its not capitalism. Its bailouts.

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Leon Cooperman: The Coronavirus Will ‘Likely’ Change Capitalism ForeverThe billionaire predicted that taxes will need to be raised soon. OH that is silly, why do we need to raise the taxes, just because we are now even more in debt. Yes. It's turning it into socialism 4 spiritualism & Sustainability
Source: Forbes - 🏆 394. / 53 Read more »

Leon Cooperman says the coronavirus crisis will change capitalism forever and taxes have to go upOr maybe this will finally be the trigger that forces the over bloated Government to finally deal with spending. The paulkrugman effect... Really Len —people who don’t have jobs can’t pay taxes—get real 👿🇺🇸
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Leon Cooperman says the coronavirus crisis will change capitalism forever and taxes have to go upOr maybe this will finally be the trigger that forces the over bloated Government to finally deal with spending. The paulkrugman effect... Really Len —people who don’t have jobs can’t pay taxes—get real 👿🇺🇸
Source: CNBC - 🏆 12. / 72 Read more »

Leon Cooperman: The Coronavirus Will ‘Likely’ Change Capitalism ForeverThe billionaire predicted that taxes will need to be raised soon. OH that is silly, why do we need to raise the taxes, just because we are now even more in debt. Yes. It's turning it into socialism 4 spiritualism & Sustainability
Source: Forbes - 🏆 394. / 53 Read more »

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