John Paulson on Backing Trump, Tax Rates, Fed Policy
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- Опубліковано 15 вер 2024
- Billionaire John Paulson talks about why he's supporting Donald Trump in his run for the White House and say the Federal Reserve has waited too long to cut interest rates. He speaks to Bloomberg's Sonali Basak.
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Paulson knows economics. It's good that the interviewer went through all the standard democrat questions
He's lying through his teeth
@@teebone2157 please elaborate...
Oh 😢 USA doesn’t learn from its neighbors in SOUTH AMERICA - I’m Argentinian 🇦🇷 we’ve tried it all - only capitalism is the solution … I was on food stamps and still in debt but I tell you the alternatives of socialism are FARRRRR worse … LOOK AT SOUTH AMERICA WHERE INDIVIDUAL BUSINESSES DO NOT THRIVE ONLY GOVERNMENT SUPPORTED VENTURES - WAKE UP USA
Just another wealthy man who wants less taxes. and dumb poor people like you keep taking the bait.
Tariffs in every case have cost consumers more money, every time.
It was very kind of Paulson to give an interview directly to a harris campaign staffer.
Sonali is a Bloomberg employee, not a Harris staffer.
@@danny1682 hmmm…. You don’t say…. 😉
@@Judge247 Got it!
Ignorance is bliss I guess
if kamala gets in, you got 3 years before usa implodes.
As soon as he said he wasn’t concerned about the deficit, I turned it off.
Lol; what he meant to say is, "I'm concerned I might have to pay more of the deficit burden that the 2017 tax cuts created, my colleagues and I prefer the middle class pay it".
More growth means higher tax income. Trump is super good at cutting budget. The deficit will go way down compared to Biden Kamala administration. Trump already proved that in his first term. You want a better life you have to listen and educate yourself.
It's Bloomberg, the interviewer questions are negative claims for Trump, but multiple times Paulson corrected her and shut her down.
I mean, he lied a bunch of times especially claiming that corporate task.S were only for a small few businesses
The host is not smart obviously. Paulson is one of the smartest brain on Wall Street.
Yes! Trump 2024
Trump's tax cuts took effect in 2018 and tax revenues increased 2018 versus 2017. Point of fact, revenues increased every year of Trump's administration other than 2020 (covid). Cutting taxes stimulates economic growth thereby often increasing tax revenues. There is surely a point of diminishing returns which some studies suggest is around a 20% effective tax rate.
Hong Kong & Singapore Corp tax 17%
source? (don't say google it)
Flat out lies, 😂, another dumb poor person trying to protect wealthy people. This is Reagan Economics all over again and American workers have never recovered
For some reason this guy gives off the creepy vibes of the people who are really in charge of everything. They pull the levers of money and power in politics, you don’t really know who they are, but there’s a calm controlling nature to them with a slight smirk because they know they fully control the entire system and are ensuring their continuity of power, and these interviews are a little bit entertaining to them to be able to present themselves for a brief moment in front of the public, in a fully sterile and protected place (Bloomberg after all, a media network owned by a fellow billionaire). Who knows the skeletons in these people’s closets and what they really think about working class Americans. They live in a world completely lacking in accountability for their actions and completely isolated from anyone with less that $50 million dollars to their names. These are the people who want the working class fighting each other so we don’t actually pay any attention to what they’re up to.
What you are describing is government. I suggest you watch hearings where government officials are questioned. That's when you will see a great deal of smirking. Companies don't want to have lobbyists but if they don't, they are punished. The bribery system begins with Congress. Kamala Harris keeps talking about a middle class tax cut when you read the fine print. It's only for very small segments of the middle class. Many of us pay taxes so others can buy electric cars get extra childcare credits, get deductions on mortgage payments and so on. Hardly a fair system.
Great interview.
a Billionaire - who wants a 15% tax and increase tariffs so the cost of goods goes to consumers.. it's a win win for him..while the poor and middle class pays for the debt....hmm....
put higher tariff will force more domestic productions and will result in more US jobs. You already see many EU companies are increase investment in US for the future.
@@johny-ql4wn but we still have to pay high prices...we just got inflation in check. This will increase it
Abs. Buying made in China goods should be an option as we (Joe) have decided to diversify the supply chain to other equally competitive countries.
@@johny-ql4wn This is a specious comment. It cost more to produce goods domestically in America. Plus you will have to pay higher wages to American workers. Which sounds good on paper. Especially during an election year. But if you know anything about business. Pay roll is the highest company expense. So The combination of higher cost to manufacture goods. Plus the higher cost to hire employees. That means a business will have to increase the price of their goods or service. Which means, the higher cost will get passed to us the consumer. And the last time i checked. We are all complaining about inflation...
@@MinhTruong101 There won’t be American workers if to buy cheap goods is the goal. There will only be American consumers and no workers.
TRUMP 24!!!
Tariffs, another way to say make the poor pay for the tax cuts for the wealthy
Socialist your time is numbered 😂
Yes. Try eating less and less like the rest thanks to 4 years of Bidenomics. 9% inflation in TWO years !
Yeah because after all we had massive inflation during Trump's first term with all the tariff; right? You people live in an alternative universe.
@@objectivethinker3225 You mean the universe that doesn't think global inflation is tied to the American president? Apparently a lot of us do live in that universe because the inflation before 2020 and from 2020 until now have a lot more of a global cause than anything to do with an American president. In fact the most responsible American for that is Jerome Powell, not Trump, not Biden, not Harris
That is just idiotic. The US had tariffs since its founding, and that's actually the national policy for many years until America became the biggest industrial power in the world. Since the free trade religion took over, the US middle class has been decimated and real wage stopped growing.
She is like a little woke kid
Reputation of Federal Reserve!!!???
The United States is a low-tax country
Compared with other nations in the Organization for Economic Cooperation and Development (OECD), the United States ranks 32nd out of 38 in revenue as a percentage of GDP.20 But it’s not just that the United States is near the bottom end of revenue; it is nowhere close even to the average. Over the CBO’s 10-year budget window, the United States will collect $26 trillion less in revenues than it would if its revenue as a percentage of GDP were as high as the average OECD nation. When compared to EU nations, that number rises to $36 trillion. (see Figure 2) In contrast, the $289 billion projected revenue increase in the Inflation Reduction Act21 still leaves the United States ranking 32nd out of 38 OECD countries…
US has lower personal income tax, but not lower corporate tax.
S&P 500 Stock Buybacks
Year In billions Yearly change
2010 $319 16%
2011 $467 46%
2012 $413 -12%
2013 $496 20%
2014 $565 14%
2015 $592 5%
2016 $553 -7%
2017 $540 -2%
2018 $840 55%
2019 $749 -11%
2020 $538 -28%
2021 $919 71%
2022 $950 3%
2023 $815 -14%
2024e $924 13%
2025e $1,075 16%
Stock buybacks were tax free until 2023 when a 1% tax rate was introduced. Imagine how many good paying jobs this money could have created if reinvested in 🇺🇸 economy.
Do you think its any wonder that America is the most powerful economic nation? Might it be that when you attribute more capital to large bureaucratic national organizations, less gets done.
@@areelu-classicwow5845 Between the 50s and 70s, we built highways and sent humans to the moon. The top tax bracket was up to 90%
From the 80s to now, 🇺🇸 is the only developed country with declining life expectancy
Tariff on Chinese EV would generate substantial revenue but it would make American EV uncompetitive over the long run and legacy Auto death will be certain but delayed.
T R U M P 2 0 2 4 🇺🇸
Prior to the Trump tax cuts US multinational were renationalizing their companies nationality to tax friendly countries most famously Ireland. The Trump tax cut not only stop that but the monies bought back led to bonuses for employees.
Right, definitely made the income inequality better in this country and helped reduce the national debt, right? 😂😂😂 You’re just buying the BS they’re spending billions on so they can keep even more billions.
@@kdnofyudbn5918 tax inversions have rules stopping it in a lot of instances
@@kdnofyudbn5918 that’s what trump and his supporters say but where is the proof?
@@Helloworld0011-q2m you have a brain and should use it
@@Helloworld0011-q2m Altria/Phillip Morris gave their employees tax cut bonuses! Ask me how I know! And oh by the way, You can google it as well!
This fellow is only interested in his self serving interests
What are you interested in?
that's how everybody who is voting should be.
Next treasury secretary ?
Have a glance his hedge fund performance before saying this
@@adamy4435Good or bad performance?
lol🤣🤣🤣
Nice to see unbiased interview questions. I mean absolutely no agenda here.
Only got yrump companies
Paulson was lionized in the Zuckerman book for the Big Short on US real estate. He was smart in disentangling the specific mortgages that were in the CDO pools, but in retrospect I’m not sure it was that brilliant of a call.
IF YOU'RE GONNA ASK THE QUESTION YOU NEED TO KNOW WHAT FACT'S AND WHAT'S FICTION. THIS GUY ($1B AIRE) LIED THROUGH HIS TEETH ABOUT TAX CUT IMPACTS INCLUDED A HUGE INCREASE IN THE DEFICIT. TRICKLE DOWN ONLY WORKS IF YOU'RE NOT THE ONE WAITING FOR IT TO COME DOWN.
TRUMP 2025
I am not concerned we hit the iceberg and are taking in water.
I can't wait for him to be crying on TV during thr MOASS
Lol
Whoa, Paulsen thinks we are stupid ! He is banking on the undereducated !
Hence why he’s supporting the GOP candidate, that’s been their playbook for decades now.
Im very well educated in economics and finance and tell me specifically what was he said was incorrect? Maybe you're just aren't knowledgeable to know that he is right?
@@greggf6831 Ok MAGA man.
so you are voting for kamala harris who will blow up us gov debt, and then will force fed to raise interest rates and taxes, everything she wants is argentina kind economics, bigger gov at expense of the real economy. kamala harris is so bad she refuses to even talk about the economy or answer questions.
@@danny1682such an educated answer!
Oh wow she is really good looking.
He Got Lucky predicting the GFC. doesn’t mean he is smart I guess
He was rich before the big short. His net worth was 100 million in 2006. Not too bad.
😂
A dumb interviewer reading all Democratic talking points and a smart guest. This interview cannot make it clearer than this.