#leon cooperman

[dontmeantobepoliticalbut]

Twitter Users Jeer Billionaire's Gripe About Not Paying 'Fair Share' Of Taxes

Leon Cooperman ranted on CNBC that the idea of a "fair share" is a "bullshit concept" that just attacks wealthy people.

Cooperman blamed the phoenix-like rise of GameStop stock on a variety of factors including “people [who] are sitting at home, getting their checks from the government, basically trading for no commissions and no interest rates.”

But what really set off Cooperman was the idea that billionaires like him aren’t paying their “fair share” in taxes.

“I hate that expression with a passion!” Cooperman said. “What does fair share mean? … I’m willing to work six months a year for the government, and six months for myself — which means a marginal tax rate of 50%. If you live in California, Connecticut, New Jersey, New York, you’re already well past that. This fair share is a bullshit concept! It’s just a way of attacking wealthy people.”

"Oh look, another billionaire is mad that he might have to pay more taxes while children in America go hungry and veterans sleep on the street. Cry me a river. Yes. We will make Wall Street billionaires pay their fair share of taxes and create an economy that works for all of us." - Sen. Bernie Sanders

[lukemeintheeye]

We get it, rich guys are not into Elizabeth Warren

From Bill Gates to Jamie Dimon to Leon Cooperman, billionaires have lots of thoughts and feelings about Elizabeth Warren.

Leon Cooperman is worth more than $3 billion. He spent 25 years at Goldman Sachs before starting his own hedge fund, which in 2017 reached a $4.9 million settlement with federal regulators over insider trading charges while admitting no wrongdoing. And this week, he cried about Elizabeth Warren on CNBC. “I care,” Cooperman said.

Now, there is absolutely nothing wrong with crying on television or anywhere else, and Cooperman’s emotions appeared genuine. What’s more, he’s far from the only billionaire fretting about Warren’s candidacy in public. Talking to billionaires about their thoughts on her is all the rage at the moment.

Bill Gates at the New York Times DealBook conference on Wednesday said he wasn’t so sure about how “open-minded” Warren is or whether she would be willing to meet with him. He said he’s paid $10 billion in taxes but joked he would get a little hesitant about paying $100 billion in taxes after doing “a little math about what I have left over.” Gates wouldn’t have to pay $100 billion under the Massachusetts Democrat’s proposed wealth tax, but even if he did, he would still have more than $6 billion left. He also wouldn’t say whether he would support her over President Donald Trump.

Also this week, CNBC brought JPMorgan CEO Jamie Dimon on and asked him whether Warren was “anti-business,” to which he said he’s worried Warren uses some “pretty harsh words” and “vilifies successful people.” He continued, “I don’t like vilifying anybody. I think we should applaud successful people.”

At the rate we’re going, we’re just steps away from holding séances with the ghosts of John Rockefeller and Andrew Carnegie to ask them how they feel about Warren.

[diaryofastocktrader]

‘This is not going to end well’: Billionaire Leon Cooperman says stock market will be lower a year from now - MarketWatch

‘This is not going to end well’: Billionaire Leon Cooperman says stock market will be lower a year from now – MarketWatch

Billionaire investor Leon Cooperman says he’s a “fully invested bear” with “an eye on the exit.” — Read on www.marketwatch.com/story/this-is-not-going-to-end-well-billionaire-leon-cooperman-says-stock-market-will-be-lower-a-year-from-now-11619797332

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[saywhat-politics]

Twitter Users Jeer Billionaire's Gripe About Not Paying 'Fair Share' Of Taxes

Leon Cooperman ranted on CNBC that the idea of a "fair share" is a "bullshit concept" that just attacks wealthy people.

[arcticdementor]

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[carolinemillerbooks]

New Post has been published on Books by Caroline Miller

New Post has been published on https://www.booksbycarolinemiller.com/musings/money-matters/the-stock-market-isnt-the-economy/

The Stock Market Isn't the Economy

My broker called with a stock recommendation, yesterday. Beaten down by Covid-19 uncertainty, this long-established company had a good balance sheet, modest debt, and paid a decent dividend. I decided to take the recommendation. As a rule these days, I’m nibbling cautiously because the pandemic has revealed how value has become unmoored from reality. What I try to remember about the stock market is that it attempts to foresee the future not evaluate the present.  “Over 90 percent of the value of stocks is dependent on earnings more than a year in the future,” writes one expert. (“How the stock market is failing America,” by Michael Steinberger, excerpted from New York Times Magazine, by The Week, June 12, 202, pg. 37.)  A lot of unforeseeable events can happen in a year. Some scientists speculate a volcanic eruption in Alaska led to the eventual fall of the Roman Empire.  One trend I hadn’t noticed is that large companies are relying less on the stock market to grow capital.  Instead, they are turning to private equity firms where they avoid scrutiny and government regulation.  Sometimes, they use their money to buy back stocks. Doing so does nothing to increase the company’s productivity, but it may increase the stock’s price because fewer shares are available.  At such times, large holders are tempted to sell and pocket their profits, leaving smaller investors to take the long term risk. Share buybacks are one reason why a rise in the Dow Jones isn’t a barometer of a healthy economy.  Small businesses do the heavy lifting and, because of the Covid-19 shutdowns, they have been hard hit. (Ibid, Pg. 17.) Another reason exists to explain why the stock market can experience sharp rises in a down economy. Says billionaire Leon Cooperman, it’s due to the growth of zero-commission discount brokerages, like Charles Schwab and Robinhood. People at home and out of work seem willing to gamble that the market may help them recoup losses.  So far they’ve been right.  Small day traders are beating the pros.  Cooperman believes the get-rich mentality has turned investing into a wild west. Meanwhile, the present keeps paving the way toward the future. If I had to place a bet, it would be that the rich will get richer.  

[crypto-turkey]

Milyarder yatırımcıdan kâbus senaryosu

Milyarder yatırımcıdan kâbus senaryosu

BORSAGUNDEM.COM – DIŞ HABERLER SERVİSİ

Forbes verilerine göre 3,2 milyar dolarlık net servete sahip olan Leon Cooperman piyasanın şu anda oldukça değerli olduğunu ancak yaklaşan durgunluk nedeniyle S&P 500 endeksinde 2.200’e kadar düşebileceğini düşündüğünü söyledi.

Milyarder Leon Cooperman, ABD ekonomisi ve piyasalarının küresel ekonomileri kasıp kavuran Kovid-19 salgınının kalıcı sonuçlarıyla…

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[mrhfz90]

Billionaire Leon Cooperman: I'm optimistic the stock market has bottomed on coronavirus fears

Billionaire Leon Cooperman: I’m optimistic the stock market has bottomed on coronavirus fears

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Billionaire investor Leon Cooperman told CNBC on Friday that he’s optimistic that the stock market has bottomed on coronavirus fears.

“If I’m right on the virus call, if I’m right and that’s the big if … I think the market at the recent low … was close enough to the bottom to be called the bottom,” Cooperman said on “Squawk Box.”

The S&P 500hit its recent low of 2191.86 on Monday, which…

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