Leon Cooperman says the coronavirus crisis will change capitalism forever and taxes have to go up

Leon Cooperman says the coronavirus crisis will change capitalism forever and taxes have to go up

Leon Cooperman

Scott Mlyn | CNBC

Billionaire investor Leon Cooperman said on CNBC’s “Squawk Box” on Thursday that the coronavirus crisis will “likely” change capitalism forever and that taxes will need to be raised soon.

“When the government is called upon to protect you on the downside, they have every right to regulate you on the upside,” Cooperman said. “So capitalism is changed.”

The…

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