Billionaire investor Leon Cooperman teared up on Monday as he mentioned the political divide within the U.S. and his considerations in regards to t
Billionaire investor Leon Cooperman teared up on Monday as he mentioned the political divide within the U.S. and his considerations in regards to the American dream.
“I care,” the hedge-fund supervisor answered on CNBC’s “Halftime Report,” tearing up after CNBC’s Scott Wapner requested why he has been so vocal in regards to the 2020 election.
Cooperman’s response got here within the midst of a political battle between the longtime investor and presidential hopeful Sen. Elizabeth Warren. Cooperman has been a vocal critic of Warren’s proposed wealth tax and her basic mistrust of America’s richest people.
The 2 have sparred in current weeks, with Warren contending that the billionaire ought to contribute extra in taxes to assist enhance financial inequality within the U.S.
“I do not want Elizabeth Warren telling me that I am a deadbeat and that billionaires are deadbeats. The vilification of billionaires is not sensible to me. The world is a sustainably higher place due to Invoice Gates, Michael Bloomberg, David Rubenstein, Bernie Marcus, Ken Langone,” Cooperman mentioned.
“That is idiocy! It is interesting to the bottom widespread denominator and mainly attempting to show folks’s heads round by promising quite a lot of free stuff,” he added.
Cooperman sent a letter to Warren last week criticizing her characterization of billionaires, writing on the time that “your tweet demonstrated a elementary…