Wall Street: We'll gladly pay higher taxes to get rid of 'the existential threat' that is Trump
‘Wall Street’s not this amorphous, unified blob, but the majority of people I talk to on Wall Street think it’s worth taking the hit to get Trump out of office. They view him as an existential threat.’ —
That’s one Wall Street banker explaining to Vanity Fair in an interview how, from his perspective, his peers are gladly preparing to navigate markets under a Joe Biden presidency.
“They’re saying, ‘We’d like to see Biden crush Trump,’” he continued, adding that he doesn’t want Democrats to take control of the Senate. In his world, legislative gridlock is a good thing and voting for Republicans to keep the Senate is basically “making sure nothing radical happens.”
The Vanity Fair source gave a nod to Biden despite the fact that the deep-pockets of Wall Street would likely get hit by an overhaul of Trump’s 2018 tax plan because it would means higher taxes for the wealthy and corporations, as well as on capital gains.
https://www.msn.com/en-us/money/markets/wall-street-bankers-we-ll-gladly-pay-higher-taxes-to-get-rid-of-the-existential-threat-that-is-trump/ar-BB16LoN6?li=BBnbfcN&ocid=DELLDHP
= new reply since forum marked as read
