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Billionaire Says Rich Worried About Warren Should 'Lighten Up'

October 18, 2019 • Page 2 of 2

Pete Buttigieg
Novogratz said he’d rather have a more centrist Democrat as the candidate, but hasn’t yet found someone he thinks can win, even though he likes Pete Buttigieg.

“I thought he did an awesome job in the debate,” Novogratz said of the 37-year-old South Bend, Indiana, mayor. “I went down to Atlanta, I met him. When I met him one-on-one I liked him. I had a group of criminal justice advocates, they liked him. But when I walked into the room, he didn’t have presidential energy. Even Trump, whom I really, really despise, when he walks into a room, it lights up. Every ounce of the room focuses on him.”

As for Warren: “I’m hoping she pivots. She’s such a good politician. She’s so smart. She’s witty.”

And with her taking the lead, he thinks his friends should re-evaluate her. “It’s insanity -- insanity that they feel like victims: ‘They’re going to come and get us.’ No! You’re going to get taxed a little more. Lighten up!”

--With assistance from Misyrlena Egkolfopoulou.

This article was provided by Bloomberg News.

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ericb07 4 years ago

I don't mind the concept - though I'm not ultra rich, either. We tend to forget that when in other countries capitalism and a middle class is emerging, it is a good thing. People have freedom to strive and dreams they can pursue, rather than "rail against the machine'. That was China a decade or so ago; that was us after WW2. It's in the interest of the "haves" to support the rebuilding of a middle class in our country. Warren's method may be problematic. it means that the ultra-rich person may have to liquidate assets and pay capital gains tax on those sales, before handing over the computed wealth tax to the government. The devil is definitely in the details.
jnmorse 4 years ago

The author mis way too casual. Let's say a person makes 3-5% per years on the corpus/ Then, a 2% tax isn't "two cents," it's half their annual return. And it's payable in loss years, too.
kimble46 4 years ago

Easy for him to say. If someone comes after his pile, it will move to some tax haven in a NY minute. Also, whatever the far left can dream up for his immobile assets, his 2.4 acres of lawyers and tax accountants can kill in their cribs. It is that 60% who are not doing well, who will bear the brunt of the Marxists on the Left. Did you ever notice how, even in the most dirt-poor, rat infested countries, that there is ALWAYS a top 0.1%. The Left could completely crash out economy, and the same 0.1% will be just fine. Left Wing Wacko politicians are useful. Every rich person should own a few.