O'Leary calls out Kamala Harris for baiting voters with unrealistic policies that would 'destroy' the economy

Published On Sep 19, 2024, 2:00 AM

Kevin O'Leary, a prominent investor, criticized Vice President Kamala Harris' economic proposals, suggesting that they could severely harm the U.S. economy. He singled out her plan to tax unrealized capital gains, arguing it would fundamentally alter how investments are made and could drive capital out of the country. O'Leary mentioned that advisers close to Harris reassured him that such measures would not pass in Congress, indicating they were stated merely to rally her voter base. He also expressed skepticism towards other proposed policies related to student loans and grocery pricing, labeling them as impractical and unlikely to be implemented.

Stock Forecasts

The concerns raised by O'Leary suggest a potential instability in the investor environment should Harris' policies gain traction. Investors may react negatively to the uncertainty regarding future taxation and regulation of capital gains, leading to market volatility.

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