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Warren, Sanders presidencies could send stocks plunging 25%: Cooperman - Business Insider

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Pick your poison: Hedge fund billionaire Leon Cooperman says the stock market could plunge 25% under either a Warren or Sanders presidency

"If Elizabeth Warren is elected president, in my opinion, the market drops 25%," Cooperman said on CNBC Wednesday. "Bernie Sanders, same thing."

The famous founder of Omega Advisors singled out Warren and Sanders' proposal for taxing wealth individuals and billionaires. Citing the late Winston Churchill, Cooperman argued that "you don't make poor people rich by making rich people poor." "I believe in a progressive income tax structure, I believe rich people should pay more, I have no problem with that. This wealth tax is baloney," Cooperman said. "What is their problem with billionaires?"

Both candidates have criticized billionaires in the past and put forth policies plans for a wealth tax to raise funds for a variety of new government programs.

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I say more like 40%

no comments on insider trading?

Well, wouldn‘t that be nice.

Therefor, we absolutely MUST continue to allow the 1 percent to have nearly ALL the money.

Only if Congress is Democrats. Vote for Warren then vote GOP Congress

No deal and no chance

Good.

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Hedge fund manager Cooperman says the stock market would drop 25% if Elizabeth Warren is electedBillionaire investor Leon Cooperman spoke with CNBC's 'Squawk Box' on Wednesday. So what? Like* Here we go again. More political rants and raves. Wtf. How about stock talk. Your line mtv that doesn’t show video’s anymore.
Source: CNBC - 🏆 12. / 72 Read more »