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

Published On Sep 17, 2024, 2:59 PM

Billionaire hedge fund manager John Paulson has stated that he would withdraw his investments from the stock market if Kamala Harris wins the presidential election. He believes that her proposed economic policies, including raising corporate and capital gains taxes, would create significant market uncertainty. Paulson specifically mentioned fears of a potential market crash due to the proposed 25% tax on unrealized gains for individuals making over $100 million and indicated he would shift his investments into cash and gold instead of equities in that scenario.