Billionaire John Paulson Vows to Exit Markets if Kamala Harris Wins Election

Paulson criticizes Harris' proposed tax policies, predicting market instability and recession if implemented.

John Paulson, a prominent Trump supporter and hedge fund billionaire, announced he would pull his investments from the market if Kamala Harris wins the presidency.
Paulson specifically criticized Harris' proposal for a 25% tax on unrealized gains, predicting it would lead to mass asset selling and a quick recession.
He expressed concerns over Harris' plans to raise the corporate tax rate from 21% to 28% and the capital gains rate from 20% to 28%.
Paulson's remarks have highlighted a broader anxiety among some investors about the potential economic impact of Harris' policies.
While Paulson warns of market instability, other analysts, including those at Goldman Sachs, suggest that Harris' policies could provide a bigger economic boost compared to Trump's.