Recent momentum for Pete Buttigieg in the Democratic primary comes as something of a relief for market participants who, thanks in no small part to a relentless propaganda campaign amplified by CNBC, are scared to death of an Elizabeth Warren nomination.
We call it "propaganda" because irrespective of what you think about Warren's policy proposals (which, it's safe to say, the majority of Americans haven't even read, despite them being readily available on her Medium account), you'll probably agree that if it's an objective take you're looking for, Leon Cooperman and other billionaires aren't the folks to ask.
After all, Warren wants to tax them in order to fund progressive agenda items and, tearful allusions to "caring" notwithstanding, they don't want to pay more in taxes. Nobody wants to pay more taxes.
Read more: CNBC, Cooperman Double Down On ‘Pity The Billionaire Curmudgeons’ Strategy To Counter Liz Warren
For those interested, we've endeavored to explain what Warren's policies would actually mean for investors. You can read more here and here, but suffice to say that while rolling back the tax cuts would obviously put a dent in corporate bottom lines, a Warren presid
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