Icahn to Yahoo Finance: It's going to be a real 'bloodbath'
finance.yahoo.com
( H/T to Sam )
excerpt:
Yahoo Finance has obtained a policy paper written by Carl Icahn on income inequality that the billionaire financier recently sent to Donald Trump and others on Wall Street and in Washington. In the paper, Icahn warns of “dangerous systemic problems that will affect each and every American in the coming years.” The five and a half page paper has some similarities to the video that Icahn is releasing on www.carlicahn.com, but focuses more on imbalances in our society. The paper was sent to Trump before the GOP presidential candidate revealed his economic proposals. “I sent it to a number of people,” Icahn said. “A few of the ideas in the paper are reflected in Donald Trump’s plan. I think that shows what an open-minded guy he is, which is what we need in the White House.”
Source: www.carlicahn.com
In the paper, Icahn takes a decidedly egalitarian tone, writing:
“The average worker makes approximately $50,000 per year. The average annual compensation of the thirty highest paid CEOs is approximately $47 million per year. (I don’t believe this disparity was ever this great even in most dictatorships!) You will hear many politicians argue that government should not interfere with the ‘business judgment’, of our companies and, therefore they cannot pass laws to encourage ‘income equality.’ This is completely untrue – the sad fact is that the government has actually passed many laws that have brought about ‘income inequality.’”In a phone interview with Yahoo Finance Icahn says, "In this country, you talk about the wealth gap and politicians say, 'well, you can't legislate equality,' but we legislate inequality.”
[more plus video at the link] |
