In a segment on 'Making Money,' Fox Business Correspondent Madison Alworth and Kennedy discuss the U.S. tax structure, referring to concerns about fair taxation as 'Bernie Sanders socialism speak.' They critique current tax policies and the discussions around equity in taxation, suggesting that such rhetoric aligns with socialist ideologies.
Negative
Given the current economic and political climate, particularly the rhetoric around taxes and socialism which could influence market perceptions, companies in traditional sectors may face headwinds. However, sectors that thrive on innovation and can leverage favorable tax conditions could see positive momentum. Investors might want to be cautious with traditional industries perceived as being targeted for higher taxation.
Sectors associated with technology and growth prospects may see a more favorable outlook as investor sentiment potentially shifts away from traditional sectors. ETFs focused on innovation like ARKK may attract investors seeking growth despite tax discussions.
Apollo chief economist Torsten Slok weighs in on a number of economic topics on ‘Barron’s Roundtable.’
FOX Business Correspondent Madison Alworth and 'Kennedy Saves The World' host Kennedy discuss U.S. tax structure on 'Making Money.'
Oct 9, 2024, 4:04 PM
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