Republican megadonor and hedge fund billionaire John Paulson revealed that he would pull his money out of the stock market if Vice President Kamala Harris wins the upcoming presidential election, pointing to “uncertainty” around her economic policies.with Fox Business host Liz Claman, Paulson who founded Paulson & Co.
“Well, I would say it very much depends on who is in the White House and who controls Congress,” Paulson explained. “I’d be very concerned if Harris is elected and pursues the tax plans and other economic plans that she articulated. You alluded to the tax on unrealized gains — if they do implement a 25 percent tax on unrealized gains that would cause mass selling of almost everything. Stocks, bonds, homes, art.
When asked if Paulson would pull his money from the stock market, Paulson revealed that if Harris were elected, he would pull his investments out of the stock market due to the uncertainty around Harris’s economic plans and policies.
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Source: CNBC - 🏆 12. / 72 Read more »