A Cheerleader for Capitalism Growing a Bit Testy
Hedge fund investor Leon Cooperman is getting angry again. He seems to do that early on in every presidential election cycle. Back in 2015 Cooperman objected to the attacks on hedge fund tax breaks he was hearing in the Democratic primary race. Blasted back Cooperman in a CNN interview: “I don’t need anybody crapping all over what I do for a living.” Late last month, in a CNBC interview, the 76-year-old attacked the calls for taxing America’s rich he’s hearing from candidates like Bernie Sanders and Elizabeth Warren. Pronounced Cooperman: “All in all, I’m not in favor of raising taxes. Taxes are high enough. I think it’s counterproductive to look to the wealthy people across the board.” Adds the former Goldman Sachs exec: “We have the best economy in the world. Capitalism works.” Our economic order certainly works for Cooperman. His current net worth: $3 billion.
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