Starwood CEO Barry Sternlicht calls wealth tax, favored by Warren and Sanders, a ‘crazy idea’
Barry Sternlicht, co-founder of the privately held Starwood Capital global investment firm, believes a wealth tax, as envisioned by Democratic presidential candidates Elizabeth Warren and Bernie Sanders, would not be feasible.
“I think it’s a crazy idea,” Sternlicht said on CNBC’s “Squawk Box” on Friday.
The wealth tax from Sanders, a Vermont democratic socialist, would be progressive, starting at…
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