Nov.08 -- Senator Elizabeth Warren’s proposed wealth tax could provide an unintended boost to private equity. The funds might be a way for the extremely wealthy to preserve capital if the 6% annual levy on accumulated wealth in excess of $1 billion were enacted. Bloomberg’s Brandon Kochkodin reports on “Balance of Power.”
Why Warren’s Wealth Tax Could Push Billionaires Into Private Equity
Nov.08 -- Senator Elizabeth Warren’s proposed wealth tax could provide an unintended boost to private equity. The funds might be a way for the extremely wealthy to preserve capital if the 6% annual levy on accumulated wealth in excess of $1 billion were enacted. Bloomberg’s Brandon Kochkodin reports on “Balance of Power.”
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