In a striking revelation, Republican megadonor and hedge fund billionaire John Paulson has made it clear that a Comrade Kamala presidency would send him scrambling for safety, pulling his money out of the stock market due to what he describes as “uncertainty” surrounding her economic policies.
This from thelibertydaily.com.
This isn’t just a casual observation; it’s a clarion call for anyone paying attention to the implications of the Biden-Harris administration’s tax plans.
In an interview with Fox Business host Liz Claman, Paulson, founder of Paulson & Co., outlined the stark contrast between the economic visions of Donald Trump and Comrade Kamala. He pointedly criticized the Dementia Joe and Comrade Kamala Regime’s intention to raise the corporate tax rate from 21 percent to 28 percent and the capital gains rate from 20 percent to a staggering 28 percent.
Paulson stated:
The difference between the Trump administration and Harris is very, very different.
He elaborated on the specifics, noting:
Trump is—wants to extend the current, very successful tax policy, which was implemented in 2017. The Biden-Harris group, on the other hand, wants to change that. They want to change the corporate tax rate from 21 to 28 percent, they want to raise the capital gains rate from 20 percent initially to 39 percent now, they flip-flopped back to 28 percent.
Now, after seemingly rushing to implement their agenda, the Joe-Kamala Regime is facing pushback not just from the public but from influential figures like Paulson. When asked about the potential for future investments, Paulson made it clear that the upcoming election would weigh heavily on his financial decisions.
He explained:
Well, I would say it very much depends on who is in the White House and who controls Congress.
This statement raises a critical question:
[W]hy should the American people
trust a leadership that seems intent
on flipping the script on successful policies?
Paulson expressed deep concern about a Kamala presidency, particularly regarding her proposed tax plans.
He asserted:
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. I think it would result in a crash in the markets and an immediate, pretty quick recession.
Could it be The Regime is so out of touch with economic realities they would jeopardize the financial security of countless Americans? Or is it they are intent on collapsing the American economy, the nation, and the culture? Afterall, this is the Obama fundamental transformation we are experiencing.
The implications are staggering.
It’s hard not to see this as a politically charged warning.
When Liz Claman (Fox Business) pointed out that people pulled their money out of the stock market during the tenures of both Barack Obama and Donald Trump, despite the markets rising under their administrations, Paulson reiterated his stance.
He said:
It depends on the policy.
The bottom line is crystal clear.
Paulson concluded:
I think if Harris was elected, I would pull my money from the market. I’d go into cash and I’d go into gold because I think the uncertainty regarding the plans they outlined would create a lot of uncertainty in the markets and likely lower markets.
In a political landscape riddled with uncertainty, Paulson’s warnings should serve as a wake-up call.
The stakes are high, and the implications of a Comrade Kamala presidency could reverberate throughout the economy, affecting not only the wealthy but everyday Americans as well. As we approach the 2024 election, one must ask: is this the direction we want for our country?
