Cooperman said the federal government is pushing investors to take risks, and predicted rising inflation will lead to an interest-rate hike next year.
The tax targeted the top 0.8% of Argentinian taxpayers, and revenue will go to pandemic relief. Yet critics say a wealth tax in the US wouldn't work.
The investing legend is bearish on stocks in the longer term. He also said wealthy people should pay more taxes but not through a wealth tax.
The billionaire investor's comments come just one day after the S&P 500 closed at another record high and brought its year-to-date gains to 12%.
Cooperman sees ways besides a wealth tax to raise money: "We don't need a $100 billion cabinet to tell the states how to educate their children."
Warren said she's made three tax proposals - on wealth, corporate profits, and enforcement - that could pay for Biden's $3.5 trillion plans, and more.
Sen. Elizabeth Warren is holding a hearing to discuss her wealth tax - something Abigail Disney supports to hold her income bracket accountable.
"I find Senator Warren's invitation self-serving and disingenuous," billionaire Cooperman wrote in a response.
Warren wants a wealth tax. Billionaire Cooperman has repeatedly criticized her proposal. Now she's invited him to testify at a Senate Finance hearing.
Leon Cooperman said Sen. Warren's "foolish" wealth tax has "no merit," questioned whether it's legal, and said the wealthy would hide from the IRS.
Billionaire Leon Cooperman said the idea of Reddit traders targeting the wealthy is “all baloney.” The investor said market ethics have been weakening for a long time and the rules need to be followed. “The last thing we need is Elizabeth Warren or Bernie Sanders or AOC getting involved in […]
"The last thing we need is Elizabeth Warren or Bernie Sanders or AOC getting involved in setting policy," Cooperman said.
Billionaire investor Leon Cooperman told CNBC on Friday that future stock returns could average “very little.” He’s also concerned about long-term consequences of the Federal Reserve’s actions. “The Fed is just creating this environment of free money. You have to kind of make a judgement whether that’s justified, how long […]
Billionaire investor Leon Cooperman said he voted for Democratic nominee Joe Biden on the basis of his values. “I’ll be richer tomorrow if Trump wins. I’ll probably be poorer tomorrow if Biden wins, but I voted my values,” Cooperman told CNBC on Wednesday. The billionaire boss of Omega Advisors said […]
Leon Cooperman sounded the alarm on the ballooning federal deficit and downplayed the medium-term prospects for US stocks in a RealVision interview released this week. The billionaire boss of Omega Advisors also praised “big tech” stocks, called out Tesla CEO Elon Musk, criticised both Republicans and Democrats, and revealed that […]
Billionaire investor Leon Cooperman said that FANG stocks are “better than gold” during a Monday interview with CNBC. He also said that he owns Google,Amazon,Facebook, and Microsoft but is not adding to positions right now. Cooperman added that today’s FANG stocks remind him of the “nifty fifty” stocks that led […]
Billionaire investor Leon Cooperman said on a Monday interview with CNBC that he expects stock market returns to slow going forward. “The overall market, we’ve been pulling a lot of demand forward. I would expect that future returns will be relatively unimpressive for a long time,” Cooperman said. He added […]