Billionaire hedge fund manager says he would pull his money from the market if Harris wins election

Sep 17, 2024

Article from Fox Business by Breck Dumas

Article Synopsis

Hedge fund billionaire John Paulson, a major Trump supporter, stated in an interview on FOX Business that he would pull his investments from the market if Vice President Kamala Harris wins the upcoming presidential election. Paulson expressed concern over Harris’ proposed economic policies, including raising the corporate tax rate and introducing a tax on unrealized gains for wealthy individuals.
Paulson predicted that such measures could lead to a market crash and a recession. He contrasted these policies with Trump’s, noting the latter’s focus on maintaining the 2017 tax cuts. He indicated that in response to a Harris win, he would shift his investments into cash and gold.

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