In a recent discussion, UBS managing director Jason Katz criticized Kamala Harris' capital gains tax proposal, describing it as a potentially detrimental financial strategy. He argues that the implementation of higher taxes on capital gains could negatively impact investors and the overall economy by discouraging investment and reducing capital mobility.
Negative
The negative perspective on Harris' capital gains tax proposal suggests potential volatility in related markets, primarily those that are significantly reliant on capital gains-based investments. If such a tax were to pass, it could lead to a decrease in appeal for stocks that typically benefit from capital appreciation.
Capitalist Pig hedge fund manager Jonathan Hoenig weighs in on market rallies, his concern for everyday Americans amid inflation, and his stock pick.
Oct 11, 2024, 12:25 PM
JPMorgan Chase & Co. chief Jamie Dimon on Friday sounded the alarm about "critical risks" to the U.S. economy in the bank's third quarter earnings report.
Slatestone Wealth Chief Market Strategist Kenny Polcari discusses the market rallying following the inflation report, Jamie Dimon's warning of geopolitical risks, and how he fared during Hurricane Milton.