Watch billionaire Leon Cooperman's full response to Elizabeth Warren's CNBC campaign ad

  • Published on Nov 14, 2019
  • Senator Elizabeth Warren blasts billionaires in a new CNBC ad. Omega Family Office chairman and billionaire Leon Cooperman, one of those billionaires highlighted in the ad, joins 'Fast Money Halftime Report' to respond.

Comments • 148

  • MrSwj2009 ____
    MrSwj2009 ____ 4 days ago

    This man is the reason why our country is turning socialist.

  • Leo Depuydt
    Leo Depuydt 11 days ago

    Mr. Cooperman seems mesmerized by defecation and associating it with Senator Warren (for whom I voted twice in Mass.), I read somewhere. So I thought he was related to the marvel comics hero I read about on the Internet, Neon Pooperman, the superhero whose merit is to keep emitting luminescent shiny dollar bills from his behind, probably exactly like Mr. Cooperman. I wish that Mr. Cooperman would drop his pants and exhibit his scrotum to the camera, so that we would be able to verify where all the billions came from. Now please drop your pants, Leon, so that we can check whether any neon specks or bits still attach to your anal muscle to prove the point.
    Yvonne Abrams, the Boston Globe columnist, recently wrote a column about “bowing to billionaires.” But she seemed to want to make an exception for Bloomberg and Gates.
    One respondent on the internet reacted to this as follows. Easy to find on the Internet. I guess probably the English version of a Charlie Hebdo column. But we don’t want to send in another team to Paris to shoot them up again, right? They are still licking their wounds. If you are one of those 40,000 or so Americans who want to blow a fellow citizen’s head off in the present calendar year, please contact me. I can offer lots of techniques of relaxation.
    Let’s not forget: Je suis Charlie.
    Leo Depuydt (Brown University)
    Here is what this guy/gall I referred to before said:
    “Ms. Abrams (of the Boston Globe),
    May I point out delicately that, in praising Bloomberg’s and Gates’s achievements, you
    may be a little bit seduced. I am not sure that you are aware of it. It kind of
    contradicts a little bit the point that you are trying to make. I would not say that you
    are totally epsteined by them.
    The billionaire slight-of-hand often consists entirely of giving the billion to cash the
    hundred billion. These are very hard-nosed, strong-willed people who will stop at
    absolutely nothing. We expect them to be nice and they know that because they sowed the
    seed with billions of dollars of donations. Quite a few of them are deranged psychopaths.
    You do not get to be a billionaire without a single-minded killer instinct.
    The privileges that they are asked to yield under the Warren plan are just a drop in the
    bucket. It is not about the money. They would lose so little. It is about the fact that
    they cannot go home to get it up and have sex with their wives without making another
    cool 10 million: ‘Now, I am ready for you baby.’
    I am a profound optimist. An optimist assumes for all practical purposes, without in any
    way being disturbed, that people are always only in it for themselves. Perhaps it may not
    always be that way. But how would we ever know? Better to make the safe assumption. An
    optimist also believes that reality is stranger than fiction and is therefore not in the
    least surprised when s/he sees something really weird.
    That having been established, the optimist is more free to be aggressive to do some about
    prevailing injustices in a more rational and clear-eyed way without any silly false
    premises like the goodness and the rationality of the human mind.
    I also feel some unease about some of the liberal democrats, to which I belong. Some people
    become rich by selling pizza in chains, some by selling car-tires. But liberal democrats
    seem to sometimes enrich themselves by selling democratic values. I did not know these
    were for sale. I think I will buy me some. Can I get a discount? Why does the liberal
    democratic establishment have so many people who became very rich on the mere assumption
    that they were trying to help the 270 million Americans who would be much better off in
    Canada and Europe?
    By the way, if I see one more photograph of Bill Gates holding a black African baby, I
    will scream.”
    This guy/gall has some guts. I think s/he is a little weird. What do you think?

  • Art Michael
    Art Michael 16 days ago


  • Vang Xiong
    Vang Xiong 16 days ago

    not fair to the wealthy they work hard n play smart.

  • Chat Noir
    Chat Noir 17 days ago

    "...any democracy needs a robust and thriving middle class, and we have spent the last 30 or so years transferring trillions of dollars from the middle class to the people at the very top. Just one set of numbers, from the University of California, Berkeley, economist Gabriel Zucman: The 400 richest Americans - the top .00025 percent of the population - now own more of the country’s riches than the 150 million adults in the bottom 60 percent of wealth distribution. The 400’s share has tripled since the 1980s.
    This is carnage, plain and simple. No democratic society can let that keep happening and expect to stay a democracy. "

  • Parker Higgs
    Parker Higgs 18 days ago

    Thanks Leon!! Let these losers know!!

  • Christian B.
    Christian B. 18 days ago +2

    Tbh it’s really hypocritical when politicians insist on a wealth tax when they get paid by tax payers and don’t get the jobs done that the people elected them to do. Instead they continue with bi partisanship wasting precious time and terms so they can have office. What America needs most of all at this moment is political reform. Bipartisanship has held this country back, we should thank our lucky stars we have high tech companies keeping the economy moving forward.

  • Tuna Cat
    Tuna Cat 19 days ago

    Vote for people the billionaires hate!

  • Taz D
    Taz D 20 days ago

    Leon thinks Scott Wapner is a little twerp now. LOL

  • bits of wisdom
    bits of wisdom 20 days ago +1

    Warren2020 ✌🏼

  • jealva
    jealva 20 days ago +10

    Mr. Cooperman is completely correct that Warren’s net worth is hardly believable absent Reich’s assertions about wealth being achieved by theft or fraud.

  • jealva
    jealva 20 days ago +3

    Any day of the week, I’ll take the word of a financial genius like Mr. Cooperman over a professor and politician who lives in a fantasy world.

    • Jade Matthews
      Jade Matthews 15 days ago

      @Chorp Squatch Why are you talking out of your butt? And why are you yelling?

    • Chorp Squatch
      Chorp Squatch 20 days ago


  • mg8383ffdryhh
    mg8383ffdryhh 20 days ago +1

    I would support low taxes on the wealthy if they would just spend their money and not horde or continually invest it. They have this wealthy pissing contest going on right now. I don't want them taxed, but there seems to be no other way barring them spending or recirculating what they have back into the economy. They need to end the pissing contest and start hiring people and spending what they have, then there would be no need for increased taxes.

    • mg8383ffdryhh
      mg8383ffdryhh 15 days ago

      @james pan
      The dollar itself is fake money...

      The dollar is not fake money. The dollar is backed by the faith and credit of the United States, which ultimately comes down to the laws, the military and the law enforcement agencies. The dollar has value because of the power of the government of the United States backing it. There is no need for money to be backed by gold when it can be backed with a gun or threats of imprisonment or fines. For example, if you decide to not pay your taxes, which is denominated in dollars, the government will remind you that dollars are very valuable in keeping you out of jail.

      Debt is the real money...

      Debt has value because of the power of the government and other enforcement agencies. Loans and debts have value when they are under the auspices of the government, that's why we draw up contracts when we loan money. The limits of contracts are determined by the government, what is on the contract within those limits are determined by the parties and the enforcement of the contract is done by the government. If there was no government, the contract would be useless, unless people take matters into their own hands when someone is in breech of that contract. Debt is a construct, a contract between parties with the government as the enforcer. If there was no enforcer, do you think anyone would repay their debt? The value doesn't rest solely with the government though, because your credit score would fall as you become a risky borrower for example, but that's why I said enforcement agency in my first sentence. Even then, these extra-governmental agencies add a little bit of value, but the majority of the value of these debts is due to the government's backing, which can garnish wages, etc. if needed.

      I wasn't talking about any of that stuff in my previous comments. I was talking about the rich paying more in taxes or spending their money. I'm not saying in all cases more taxes is a good idea, but as things are now, the economy needs redistribution, through taxes or spending, for real and robust growth. The wealthy would probably end up making more through the increased GDP than they would give up in taxes. Right now all the excess "money" seems to be aimed at propping up the inflated equities market because there is nowhere else that makes sense to park the money. Why invest in any sector of the economy when you don't see the demand there that warrants investment? The demand has to come from somewhere, and I say let the people holding all the wealth start creating demand proportional to what they have. Deficit spending by the government helps fill the gap, but we can't keep running trillion dollar deficits in perpetuity just to keep the economy going. There has to be a rebalancing so consumers can go out and spend and continue to stimulate the economy.

    • james pan
      james pan 15 days ago

      @mg8383ffdryhh dollar itself is a fake money, with no asset backing up. President nixon bring the dollar down from gold standard in 1971, from then everything goes on debt. Debt is the real money if you understand. Know the types of debt and avoid bad debts. Rich people become so by working hard, poor people should and get their mindset right and need to learn about tax, accounting, fincace, marketing, sales and a lot not in school

    • Jade Matthews
      Jade Matthews 15 days ago

      @mg8383ffdryhh Agreed

    • mg8383ffdryhh
      mg8383ffdryhh 15 days ago

      @Jade Matthews maybe some people lack understanding of what I'm talking about. If you can go through what I said and point out specifics, I can explain things to you.

    • Jade Matthews
      Jade Matthews 15 days ago

      @mg8383ffdryhh Financial literacy is what you need because from this comment and the one you made before, you lack it like a bad habit.

  • Dragon Fly
    Dragon Fly 20 days ago

    Man listening to him has got me convinced to buy GOLD

    • JJ
      JJ 20 days ago

      Haha yeah, buy gold and guns to defend it!

  • kumar deepak
    kumar deepak 20 days ago +4

    Seems like a nice guy

    • JJ
      JJ 20 days ago +1

      ummmmm, sort of?

  • craigenputtock
    craigenputtock 20 days ago

    The wealthy progressives of Hollywood, Silicon Valley, and in the corporate sector must start putting their money where their mouths are and pay livable wages and start paying their fair share taxes. The multimillionaire executives of companies like ABC, CBS, CNN, Google, Yahoo, Facebook, etc. have gotten rich by paying themselves fat salaries while throwing mere survival wages to their employees who in the coming recession will be living in the streets because they never made enough to save substantially. If the corporate bums won’t rein in their greed voluntarily, laws must be pass to ensure they do so, and so preserve the American way of life which is now in jeopardy. The Republicans won't do it; the new Democrat party will. Warren for president!

  • Virka Odinenko
    Virka Odinenko 20 days ago +1

    Hey, comrade communist Warren! How do you take Bloomberg's $100M "donation" for anti-Trump campaign? Do you want to tax Bloomberg? Or is it considered non-taxable business expense?

  • kevinl20082008
    kevinl20082008 20 days ago +1

    You hate RICH until you become Rich!
    Real estate loophole carry over tax need to be removed, most of the Democratic are not in favor of removing it, since most Democratic senators have a huge money tied in Real estate including Warren Plus Trump. In reality they never pay tax, it just keeps rolling over to infinity.
    If you sell a stock you get 39% capital gains tax, so why should real estate be exempt, should be taxes at same level.

    • Bucky Goldstein
      Bucky Goldstein 20 days ago

      If you sell stock and buy different stock, you can't roll over your profits. You pay tax on any profits. Real Estate, at least investment real estate should be treated that same way. Maybe your own home too, not sure about that. Capital gains should also go, in stock as well as real estate. Why should you pay less tax just because you owned something for more than some specified length of time. The home interest tax deduction should also go away. The home interest deduction benefits the rich much more than the middle class or poor. The rich own more expensive homes and are in higher tax brackets so their benefit is greater. Why should you get a tax benefit because you own your home? Renters don't get any benefit, why not? The people that own the homes that renters rent get a benefit. I think they should get rid of almost all deductions and maybe lower tax rates to make up the difference, then people can decide to do something because they think it's a good idea, not because they are getting a tax break for it.

  • gaclifto
    gaclifto 20 days ago

    Shut up Leon!!!

  • jmwSeattle
    jmwSeattle 21 day ago +1

    Excellent, important discussion of about our system.
    The Democrats want to bring everybody down to a lower equal level.
    Demagogues appeal to the base instincts of envy and covetousness which is condemned by the 10 Commandments (which should put back up in schools).
    Scary times if the socialists take over.
    They have a good chance by getting the votes of the clueless immigrants.
    They’ve already got CA, NY, IL, NJ, WA, OR and making inroads on TX and FL.
    This is serious.

    • Bucky Goldstein
      Bucky Goldstein 20 days ago

      Maybe athletes should be made to wear weights so their performance will be the same as non-athletes? I agree with displaying the commandments in school, but they need to display all 613 commandments.

  • OG Jin Bling
    OG Jin Bling 21 day ago +3

    If these candidates are for the middle class, then get rid of income tax.

  • William Winson
    William Winson 21 day ago +5

    Ok boomer

  • Johnny Unitus
    Johnny Unitus 21 day ago

    Billionaire don't make the money on the work they do but on the work others do. They also pay them the lease they possibly can .

    • Unlisted Account
      Unlisted Account 6 days ago +2

      Without the billionaire, the work wouldn’t even be there. In a capitalist economy, you’re rewarded for the value you provide. A billionaire is a billionaire BECAUSE they’ve provided billions of dollars in value to the economy. Thousands and thousands of people now have opportunities to work that didn’t have the opportunity previously. A worker that is simply filling a role and can be easily replaced should not be paid anywhere near higher up employees are because they simply aren’t as valuable, whether you like it or not.

    • Jade Matthews
      Jade Matthews 15 days ago +1

      It's called Financial Literacy, use it.

    • Bucky Goldstein
      Bucky Goldstein 20 days ago +3

      @Johnny Unitus That's for the lowest paid workers. In Colorado where I live Min Wage is $9.30. Bezos pays a minimum of $15. That's 50% above minimum. What should the lowest paid workers make. The ones who empty the trash? How about $50 an hour, is that enough? That's what I made as a highly paid professional with 30 years experience. Don't like that? No one's stopping you from starting your own business. I just got through telling about my plumber friend that recently opened his own business. He said he had more work than he could handle. I said "better get some help". His reply: "You can't get anyone that's good, because anyone that's good already has a job making top dollar." His first year he told me his net was $156K. He made more than I did as a software engineer. He had to buy a new truck and tools to help cut his tax bill. His advice to me was "whatever you do. be the best and you'll make money". Maybe you'd like to tax my plumber friend more too, just because he knows how to work. So cry me a river.
      “Since this is an era when many people are concerned about 'fairness' and 'social justice,' what is your 'fair share' of what someone else has worked for?” - Thomas Sowell

    • Johnny Unitus
      Johnny Unitus 20 days ago

      @Bucky Goldstein Wow making slightly more than minimum wage what a generous guy.

    • kevinl20082008
      kevinl20082008 20 days ago +3

      YES that why they are Billionaires. They don't work for money, they make money work for them.

  • Craig Flick
    Craig Flick 21 day ago

    lee- 3.2 billion - I heard that you cannot take it with you. I say Bravo for trying. make sure you have a foundation that "Gives" it away later...I say BRAVO FOR GREED

    • james pan
      james pan 20 days ago +1

      What is your share to have those money... What risk have you taken apart from living a safe life, get a good job and wiat for govt to look after you... Get your financial education right... You are broke by mindset and surely bank

    • Bucky Goldstein
      Bucky Goldstein 21 day ago +2

      He's giving it away now, as we speak. Don't you wish you had worked for that much money to give away.
      The Howard Hughes Medical Institute has an endowment of $22.6 billion, making it the second-wealthiest philanthropic organization in the United States and the second-best endowed medical research foundation in the world. They are benefiting the world long after Howard Hughes died.
      Do you think you could be a bigger ass if you tried real hard?

  • Chrobry
    Chrobry 21 day ago +7

    4:05 Leon Cooperman asks, "Is the world a better place because of Bill Gates, because of Jeff Bezos...?
    Is the world a better place because of Thomas Edison?
    --> Died with a worth of $12 million ($170 million today).
    Is the world a better place because of Nikola Tesla?
    --> Died with a worth of $1,000 ($14,000 today).
    Leon Cooperman doesn't get it. Innovation will continue regardless. If he doesn't believe it, then he doesn't believe in middle class America. Leon Cooperman is vilifying middle class America. There's not a poor or middle class American kid out there today who is forgoing the pursuit of their dreams because they might be worth only $100 million rather than $100 billion.
    Leon Cooperman doesn't get it because he's obsessed with money. He obsessed with himself. His five page letter demonstrated that.
    Leon Cooperman's philanthropy is meaningless. It's a pittance that does little to help the average American. It should impress no one. It's no different than Al Capone funding a soup kitchen for his own PR.

    Capitalism needs to be saved from itself or the pitchforks will be coming.

    • Stuck in the mud
      Stuck in the mud 19 days ago

      Chorbry have u thought about what happens with a wealth tax during a recession ? Do u know? What happens if a manufacturing company that has a net worth ( value of all its factories ) of 1 billion that lost 200 million in profit that year ( lost 200m$ that year and normally wouldn't pay income tax ) due to an economic downturn. Guess what they have to sell a factory to pay the tax because they dont tax profit they tax net worth. Less factories leads to less jobs. If you understand this and are ok with it I'll shut up. But please dont say it cant happen the math says it can. That's why I believe it's better to tax profits. Basically u cant tax a company that loses money with an income tax, but u can with a wealth tax.

    • Bucky Goldstein
      Bucky Goldstein 20 days ago +1

      @Chrobry I agree with you about the cost of health care and education, maybe about wage growth. None of these problems were caused by Cooperman. If the cost of education were cheaper he could educate more, but it isn't. Trump has increased the national debt by 9 trillion dollars in 3 years. That is as much as Obama increased it in 8 years while trying to pull the economy out of the worst financial crisis in 80 years. What difference do you think Cooperman's 3 billion is going to make to that? Lets see, if you took all of Cooperman money and applied it to the national dept you would reduce the debt from $21.97 trillion to only $21.9668 trillion. Whoopy!

      Jeff Bezos pays all of his 600,000 employees above minimum wage. If he didn't create Amazon, those 600,000 jobs would pay $0 because they wouldn't exist. No one is forcing his employees to work for him. If they can find better jobs they are free to go get them. jmintube (screen name) claimed "I recognize that the employees of Amazon undertake brutal working conditions, often times relieving themselves in bottles as they cannot afford to take a break." - I don't know whose ass he pulled that one out of, but it's a pile of horse shit. Next he'll be telling me that Bazos has 10 year old workers in his shops earning a nickle an hour.

      Cooperman paid out over $100,000,000 towards scholarships for poor deserving students. They have a much better chance of raising themselves our of poverty along with their families. If you gave all of Coopermans money to those 16,000,000 children that would be $200 per child. How many of those 16 million children will be lifted out of poverty by that $200? and that would be the end of it. That would kill the goose that laid the golden egg. The more money Cooperman earns, the more people he can help in a meaningful and lasting way. Your talk of "trickle down economics is a load of horse shit also. Paying to educate people in not trickle down economics.

      I also have some issues with the wage growth claims. I haven't worked them out yet, but I have my own experience to work from: in 1082, with 3 years of college, I took a position as a Systems Programmer with a salary of $18,000. By the year 2000 I was earning over $100,000 per year. In the mid 90's a friend told me about her son that had just graduated high school and took a 3 month course in programming and got an entry level programming job with a salary of $80,000 per year, with a high school diploma and 3 months training. I don't know what other people are doing, but if they can't afford to educate themselves, that is a real problem. Cooperman is doing what he can. He's just one man. I'm sure he is doing more than you're doing. How much have you given to those 16 million children? Anything?

      You Sir are an idiot. Normally if someone called me an idiot I would say they were using an ad hominem fallacy attack (a personal attack). However, in your case you have just proved my case. Now it is no longer an ad hominem, it is just a statement of fact. You resent Cooperman, not because he did anything wrong. You resent him because he has money (that he earned) and you don't. qed

    • Chrobry
      Chrobry 20 days ago

      ​@Bucky Goldstein Leon Cooperman is NOT "raising the poor through education."

      16 million American children live in families below the poverty threshold. That's over 20% of all American children. Are you claiming Leon Cooperman is raising all these 16 million children? Are all the 1% combined raising these 16 million American children?

      There are three big economic issues now in America: 1) unaffordable education, 2) unaffordable healthcare, and 3) no real income growth for working Americans which is destroying the American middle class. This is not to mention climate change and other important issues.

      All I want is an economic system that created the American middle class in the 1950s, 60s, and 70s. Trump supporters might call this MAGA. America has had over 40 years of price inflation in education and healthcare double that of CPI. This has turned into a crisis. America has had 40 years of nominal income growth not keeping up with CPI. This make matters even worse. Middle class nominal income should be increasing at the same rate as GDP per capita. Education and healthcare should match CPI once it becomes as affordable as it was 50s, 60s, and 70s. Healthcare was 5% of the economy in the 1970s, it's now 18%. We spend twice per capita in healthcare than all other advance nations. Productivity (TFP) growth has languished at 0 to 2% annually over the last 40 years. Post WWII to the 1970s annual growth in productivity was in the 4 to 6% range.

      Charity will not help America. Charity will not bring back the American middle class. Amazon was paying its employees so low that they required food stamps and other public assistance. This is not welfare for those employees; this is welfare for Amazon. People don't want charity. They want good paying jobs, affordable healthcare and affordable education to raise their families and pursue the American dream.

      I do not know what type of economic/political system you want, but it sounds like oligarchism or even feudalism. Leon Cooperman believes that trickle-down economics, which has now been in place for the same 40 years of declining prosperity, is somehow going to begin to work for the American middle class. Or maybe he doesn't care about the American middle class. I believe he is either delusional or a man of pure greed. This charity is meaningless in making America a more perfect union.

    • Bucky Goldstein
      Bucky Goldstein 21 day ago +1

      Lee Cooperman is raising the poor through education. You don't get it. Jeff Bezos, Steve Jobs, Steve Wozniak, Bill Hewlett and David Packard all went to their garages and created something out of nothing.
      The Howard Hughes Medical Institute has an endowment of $22.6 billion, making it the second-wealthiest philanthropic organization in the United States and the second-best endowed medical research foundation in the world. They are benefiting the world long after Howard Hughes died.
      Bill Gates started the Gates Foundation. The Gates Foundation says "We need your ideas. We don't need your money, we have plenty of money. We need ideas on how to spend our money that will benefit the world". Now what's your problem? They created it and you didn't? Oh, I almost forgot. Bill is giving 95% of his wealth to charity when he dies.
      Warren Buffett gave a billion dollars to the Gates Foundation. He says that when he dies, he's leaving all his wealth to philanthropic causes. If Bill Gates and Warren Buffett didn't make the money, there would be no money to leave, or for anyone to tax at any rate.

  • None terrestrial Far away

    No Elisabeth. Bernie 2020

  • None terrestrial Far away

    Bernie 2020! Our movement’ will never stop

    • Andrew Sullivan
      Andrew Sullivan 19 days ago

      It's over before it started. Any working American would know better than to vote for him. Your taxes will go up way too much.

    • kevinl20082008
      kevinl20082008 20 days ago +1

      Until it stops.

  • Bucky Goldstein
    Bucky Goldstein 21 day ago +7

    “Since this is an era when many people are concerned about 'fairness' and 'social justice,' what is your 'fair share' of what someone else has worked for?” - Thomas Sowell

    • Jade Matthews
      Jade Matthews 15 days ago

      @JJ You are the one who said you doubt it, he was clearly using his raise as part of his opinion.

    • Bucky Goldstein
      Bucky Goldstein 15 days ago

      @JJ Well I'm not sure what that article is suppose to prove. I don't see anything about income being flat. The graph titled "Median household income in the past 12 months..." shows that income has been relatively flat from 2007 to the present, but in between we had the recession and a huge market downturn, where incomes dropped considerably. That's not surprising, as during the depression of the 1930s household incomes dropped considerably and for a lot longer.
      The article claims "Median household income for the nation has been increasing every year since 2013, but the year-to-year increase from 2017 is smaller than the prior three years. Previously, increases ranged between 1.8% and 3.3% annually." Clearly the chart shows that between 2013 and the present incomes have increased from $53k to $62k, that's a 20% increase, hardly flat. (those numbers are already adjusted for inflation)
      That's not to say that income hasn't been flat, though my personal experience, here in Colorado, doesn't lead me to believe it. More importantly, I don't see where this article supports a flat income either. Would you care to point out the section that indicates flat income growth?

    • JJ
      JJ 15 days ago

      Bucky Goldstein see above

    • Bucky Goldstein
      Bucky Goldstein 15 days ago

      @JJ I don't know what you're talking about. Whose wages, what check and what link?

    • JJ
      JJ 15 days ago

      Jade Matthews try reading the article in the link. We are talking about wages not his check.

  • Bucky Goldstein
    Bucky Goldstein 21 day ago

    "It is time for a wealth tax in America" - Elizabeth Warren
    "'We will build a great wall along the southern border" - Donald Trump
    I'll tip my hat to the new constitution
    Take a bow for the new revolution
    Smile and grin at the change all around
    Pick up my guitar and play
    Just like yesterday
    Then I'll get on my knees and pray
    We don't get fooled again
    Meet the new boss
    Same as the old boss - The Who

    MASTER BLASTER 21 day ago

    Trump 2020 in a massive landslide - DEMOCRATS ARE NOW SOCIALISTS!!!!!!!!!!!!!!!!!!!

  • Steve Dee
    Steve Dee 21 day ago +2

    Why are there billionaires anyway you can’t spend it in a 100 lifetimes it should go to the people on our planet that needs it, it’s pathetic to own a billion dollars when people are dying in third world countries

    • Stuck in the mud
      Stuck in the mud 18 days ago +1

      Steve just a question but do u know how an economy shrinks? Do u know what causes value to be lost or gained in an economy? U say there's people starving and we shouldn't have billionaires. Ever wonder how we got from being cave men with populations in the millions to having lots of stuff with populations in the billions. What drives economic growth/shrinkage ?

    • coryg121
      coryg121 20 days ago +1

      Steve dee in a capitalistic system, which has created more wealth for EVERYBODY than any other system, you will have people at the extreme on both ends. Most Billionaires exist because they SERVE society. Innovation, jobs, products, services etc on massive scale. A lot of them are gladly giving away the majority of their wealth to help the public.
      Bill Gates for example is one of the worlds richest men... he has paid more in taxes than anybody on the planet. He’s given away close to 40 Billion to charitable causes already. With another 100 billion to go after he passes. He’s saved millions of lives due to his philanthropic work. How can you criticize somebody just because they have been extremely successful in their life. They’re not evil people. I just don’t understand the hatred towards them.. is it a jealousy thing?

    • Bucky Goldstein
      Bucky Goldstein 20 days ago

      @kevinl20082008 I'd like to add to that. They also benefited a lot of people along the way while making money. They produced products that people like and use and they employ people to produce and distribute those products.

    • kevinl20082008
      kevinl20082008 20 days ago +1

      Why? Because they were smart enough to to understand how to make money.

    • Bucky Goldstein
      Bucky Goldstein 21 day ago +1

      @Steve Dee You know I was easy on you. I didn't feel you were a "Trump Zombie" like the last post I answered. I bet you actually think about things. I hope you think about what I said. I don't care if you agree, I care that you think for yourself and think critically. You may not like them, but many billionaires do a lot for this world. Partly by making products that benefit the world (which is how they made their money) and often by giving much of their money away to make the world better.

  • Steve Jurgens
    Steve Jurgens 21 day ago +3

    Leon Cooperman is a crook, plain and simple.

    • Steve Jurgens
      Steve Jurgens 20 days ago +1

      @Bucky Goldstein Cooperman has been on Wall Street for his entire professional life. He helped the rich get richer through dubious means - his insider trading charge is the tip of the iceberg. Wall Street is a crooked and dog eat dog place (especially Goldman Sachs where Cooperman worked). With a few exceptions, they create little to nothing of value and in fact drain value from society. Cooperman is a creature of this extremely corrupt system and as I said before, those of us with an ethical compass understand this.

    • Bucky Goldstein
      Bucky Goldstein 20 days ago

      @Steve Jurgens Yeah, so was Martha Stewart, who traded 3,928 shares of stock and avoided a loss of $45,673 when she was worth $500 million. Hell, I've lost almost that much in one day, a number of times and I'm not worth even 1 million, not even close. She did a 5 months in prison for that, and had to pay fines of (I think) around $160,000 just because she followed the advice of her broker.
      As for Cooperman, I'm not sure what the situation was in his case, but he paid a $4.9 million settlement and no jail time, which isn't much for insider trading. To compare to a real insider trader, Michael Milken, Milken was fined $600 million and received 10 years in prison. This was for a crime that the government estimated cost investors $4.7 million, but Judge Wood estimated that the "total loss from Milken's crimes" was $318,000. I guess Cooperman must have been a real bad man, almost as bad as Martha Stewart.
      Oh yeah, In 1982, Milken and his brother Lowell founded the Milken Family Foundation to support medical research and education. Through the Milken Educator Awards (founded in 1985), the MFF has awarded a total of more than $60 million to more than 2,500 teachers. Among the other initiatives of the Milken Family Foundation are the:
      Milken Institute, a non-profit, non-partisan economic think tank whose scholars publish research papers and conduct conferences on global and regional economies, human capital, demographics and capital markets.
      Milken Scholars, a program that provides outstanding high school graduates with a commitment of four years of college financial assistance, counseling, volunteer opportunities and preparation for graduate studies;
      TAP: The System for Teacher and Student Advancement, a comprehensive research-based strategy to attract, develop, motivate and retain high-quality teachers for America's schools;
      Mike's Math Club, a curriculum enrichment program that aims to shows students in inner-city elementary schools that math is not only useful, but entertaining;
      Festival for Youth, a school-based community service program that engages students in yearlong service projects to help build vibrant communities; and the Milken Family Foundation Epilepsy Research Awards Program, which funds research to understand and conquer epilepsy.
      Upon his release from prison in 1993, Milken founded the Prostate Cancer Foundation for prostate cancer research, which by 2010 was "the largest philanthropic source of funds for research into prostate cancer".
      Now since you've analyzed his career in such detail, maybe you'd like to tell your side.
      quid pro quo - That's Latin for "it's your turn"

    • Steve Jurgens
      Steve Jurgens 20 days ago +1

      @Bucky Goldstein He's a hedge fund manager who has been charged with insider trading. Those of us who have analyzed his career and have an ethical compass can see he is nothing but a crook.

    • Bucky Goldstein
      Bucky Goldstein 20 days ago

      That makes as much sense as "You are a liar. plain and simple". How is Cooperman a crook? What did he steal?

  • Rich Gange
    Rich Gange 21 day ago +1

    Just pay some taxes. It's not that hard Leon.

  • steplaland
    steplaland 21 day ago +7

    Tax them all. They are all dems. You get what you support

  • jonz23m
    jonz23m 21 day ago +5

    Lol Dude lives in a bubble if he thinks all u need to do to become billionaire is to create a product that the public deems valuable 😂 . Or he is just lying to his teeth.

    • Stuck in the mud
      Stuck in the mud 18 days ago

      Did u know that a company can lose billions/millions in a year and have zero dollars in the bank and have to sell factories just to pay the wealth tax. It's a tax on net worth ( factories/farms/farm equipment/cattle/goats/tractors/combines/ect... ect...

  • Fishie Fishie
    Fishie Fishie 21 day ago +2

    Rich Cry baby's "i No wana pay" ! Taxes ! trump No Pay, Do He ?

  • M.S.
    M.S. 21 day ago +3

    If Elizabeth Warren is elected, the level of capital flight from America would trigger recession. Prepare for a rough landing, more people would be out of work.

  • m mtl
    m mtl 21 day ago +3

    Leon 'philanthropist with a small p' Cooperman has thrown down the gauntlet. Senator Warren's wealth tax must be hitting a raw nerve!

    • Bucky Goldstein
      Bucky Goldstein 21 day ago

      Senator Warren's wealth tax is well:
      "It is time for a wealth tax in America" - Elizabeth Warren
      "'We will build a great wall along the southern border" - Donald Trump

  • Mr Underhill
    Mr Underhill 21 day ago +4

    wait a minute - I wrote her a 5 page letter that has received universal acclaim?? an old professor tells him it's an A plus letter ? This sounds suspiciously similar to trump

  • Mr Underhill
    Mr Underhill 21 day ago +2

    what you say and what you do behind closed doors speaks volumes in our policies today - since it has been you and your cronies that have bought both dems and reps...

  • teebone 21
    teebone 21 21 day ago +4

    Lee will say all of this before he starts his lobbying in February to keep taxes for himself low

    • Bucky Goldstein
      Bucky Goldstein 21 day ago +3

      Lee wants to pay 50% tax. He'd be glad to pay. You sound just like a Trump Zombie.

  • Mr Underhill
    Mr Underhill 21 day ago +1

    The billionaires use american politics as their private polo field - this is how Ken Langone operates :When I spoke to Langone last week, he was preparing to give a speech, sponsored by the Cato Institute, titled “Justice or Political Ambition: The Case of Eliot Spitzer.” This was to be his opening salvo in what he refers to as “a holy war.” He planned to paint Spitzer as an enemy of business, accusing him of violating civil liberties and destroying thousands of jobs, all for headlines. To follow up the speech, Langone says, he’s toying with two ideas. One is to create a political-action group and carpet-bomb Spitzer with issue ads that attack his record as attorney general. His media strategist, Jim McCarthy, says they’ve already drawn up one set of mock ads that highlight Spitzer’s investigation of insurance broker Marsh & McLennan, which left 5,500 employees jobless in the aftermath. The notion is to present them as the innocent victims of Spitzer’s vainglorious crusade. Langone, however, says he’s leaning toward another plan-financing a candidate to face Spitzer in a Democratic primary. His choice: Nassau County Executive Tom Suozzi, a rising star in the state’s Democratic Party. This represents quite a break for Langone, a longtime Republican who has raised tens of millions of dollars for the likes of Rudy Giuliani, Bob Dole, and the senior George Bush. In the past, he’s also supported Bill Weld, the former governor of Massachusetts, who has since moved to New York and is mounting a Republican challenge to Spitzer. But Langone doesn’t seem to respect Weld, saying “he’s not appropriate for this job” and citing the fact that Weld “walked out as governor with three years left on his term” to become ambassador to Mexico. (Weld’s appointment ended up being blocked by the Senate.) A spokesman for Weld had no comment, other than to say that there were actually seventeen months remaining in his term when he left. As a resident of Nassau County, Langone claims to be impressed with Suozzi’s record of saving the county from the brink of bankruptcy. More important, Langone thinks Suozzi can win. In recent weeks, Langone has been telling friends that he can raise $30 million for Suozzi if he chooses to take a stab at Spitzer, with much of the money coming from Wall Street executives who have been the target of the A.G.’s regulatory crackdown. “This man is going to be great, if he runs,” Langone says. “He’s smart, he’s ethical, and he’s got a great record.”

    • Stuck in the mud
      Stuck in the mud 17 days ago

      @Mr Underhill I read parts of it. I was just trying to start a discussion about a wealth tax ( witch is one of the main parts of the video ) Do u think my statement on the wealth tax is true or false ?

    • Mr Underhill
      Mr Underhill 17 days ago

      cool - but did you read it? - it is cut and pasted from an article about ken langone from NY Magazine and how he operates and uses his money and the political system to attain his personal goals

    • Stuck in the mud
      Stuck in the mud 17 days ago

      @Mr Underhill any wealth tax

    • Mr Underhill
      Mr Underhill 17 days ago

      under a wealth tax - which wealth tax are you referring to?

    • Stuck in the mud
      Stuck in the mud 18 days ago

      Do u guys know that under a wealth tax a company can lose billions in a year and still pay taxes. A company could literally have 0 money in the bank and lost profit and still have to sell factories to pay the tax. It's a tax on your net worth ( factories/ farmland/ bulldozers / tractors/ orchards/homes/ cattle / sheep / pigs / goats / farm equipment/)

  • Mr Underhill
    Mr Underhill 21 day ago

    how wonderful - as long as he likes (tells) the school what to teach he is happy to give them money - notice how his 'gifts' go to worthy kids - of course he is the one that decides worthiness and with his wand he can take it all away - so everyone is dependent on him for their livelihood - that is not a democracy.

    • The Law
      The Law 21 day ago

      Democracy doesnt involve private Enterprise or donations. People make that decision all the time.

  • dc
    dc 21 day ago +4

    How can I compete with Home Depot as a small business owner?

    • kevinl20082008
      kevinl20082008 20 days ago +1

      You are in a wrong business then.

    • Bucky Goldstein
      Bucky Goldstein 21 day ago +1

      @Fishie Fishie Home Depot is a public corporation with Millions of owners. I'm sure many of them support Trump and many supported Obama. Some may even have supported Hillary Clinton. ;-)

    • Fishie Fishie
      Fishie Fishie 21 day ago

      homo depo owner is a trump supporter, we boycotted their business a long time ago.

    • Stock Broken
      Stock Broken 21 day ago +3

      How did Home Depot compete as a small business?
      ...Do something different. Do something people appreciate.
      I ran a $4mil erosion and drainage company. There were a lot of materials I could not buy from home depot because their sourcing quality did not match the finished product I intended to sell. Even their wholesale capabilities couldn't match what my other vendors were offering. There's always opportunity if you're willing to be inventive.

  • blableka
    blableka 21 day ago +5

    pocahontas is changing america

    • Bucky Goldstein
      Bucky Goldstein 15 days ago

      I think you mean Robin Hood is changing America.

    • JJ
      JJ 20 days ago +1

      @Brian Davis worry about your own damage she won't win

    • Brian Davis
      Brian Davis 21 day ago +2

      blableka if at all, for the worse.

  • Ebony Frye
    Ebony Frye 21 day ago +3

    Leon is ridiculous. #TaxtheRich

    • Brian Davis
      Brian Davis 21 day ago

      you must not know much. he’s about the only useful guest on cnbc.

    • blableka
      blableka 21 day ago

      pocahontas is not

  • jmintube
    jmintube 21 day ago +2

    Make these parasites pay! They've had a free ride for decades now!

    • Bucky Goldstein
      Bucky Goldstein 21 day ago

      Bill Gates started the Gates Foundation. The Gates Foundation says "We need your ideas. We don't need your money, we have plenty of money. We need ideas on how to spend our money that will benefit the world ". Maybe your idea of fully automated bread production is just what they're looking for. Do you have any idea how to make it work? Or did you just pull that out of your ass? Here's my idea. I think that free clean energy is a great idea. Unfortunately I have no idea how to make it happen, I guess that's why I'm not Jeff Bezos, or Steve Jobs, or Howard Hughes, or Bill Gates or Mark Zuckerberg. Personally I think Zuckerberg is an ass, but he created Facebook out of an idea.

    • Bucky Goldstein
      Bucky Goldstein 21 day ago

      @jmintube That's a great idea, "Fully automated bread production". Maybe you can go out to your garage and create that. Then you can make billions and give it away to "the people". I think that will take some work though.

    • William Winson
      William Winson 21 day ago

      OMG! Che Guevara is back from the dead!?

    • jmintube
      jmintube 21 day ago

      @Bucky Goldstein You live in a world where class conflict doesn't exist. I pity your ignorance. I commend Jeff Bezos for the work he has done, however, I recognize that the employees of Amazon undertake brutal working conditions, often times relieving themselves in bottles as they cannot afford to take a break. I do not blame these conditions on Jeff Bezos, but rather, on the inherent nature of capitalist organization. In this respect Bezos is just as much as victim in one sense as a lowly employee is in another. With that said, the fact of the matter is, we live in a society where the wealthiest few among us enjoy the highest advancement in income (rate of change). This situation is untenable. So long as the wealthiest few continue to get wealthier than the poor/middle class at an ever expanding rate, there will be serious inequities within society. For example, real wages have not risen since the 1970s.....and this is true despite the "job creation" that you so readily praise. Why is this the case? Well, as workers have become increasingly more productive, thanks to software, automation and general efficiency improvements, the value of their labor has increased yet the gains they produce have been largely distributed to the corporate elite and shareholder class. This cannot continue, the middle/poor classes not only deserve a larger slice of the pie but have earned it.

    • Bucky Goldstein
      Bucky Goldstein 21 day ago

      How did they get the money that you want to take. Jeff Bezos started out in his garage, now he employs 600,000 people and everyone makes more than minimum wage no matter how unskilled they are. Where would these people work if Jeff never went to his garage? Now you can shop at Amazon and get products cheaper than before Amazon. I think we should kill him for being so successful. This is just what Stalin did to the kulaks (peasant farmers - rich in 1920s Russia) He took their land, made them farm it and took all the food, many of them starved. You sound just like the Trump Zombies. "Kill the Mexicans" - "Kill the rich" sick

  • Joshuavangorden
    Joshuavangorden 21 day ago +4

    It is time for a wealth tax! They need to pay there fair share!

    • Joshuavangorden
      Joshuavangorden 17 days ago

      @Stock Broken not enough,. It's sad that you and I pay more percentage wise the. They and multinational corporations

    • Stock Broken
      Stock Broken 21 day ago +1

      How much do you think they're paying currently?

  • dementeduncle
    dementeduncle 21 day ago +3

    It is fun to watch the rich terrified about the wealth tax. They've rigged the economy to benefit themselves for decades. Time for the 1% elites to understand that we are going to vote for a wealth tax rather than an income tax and they should be grateful we are only going to tax them, not eat them as well.

    • Stuck in the mud
      Stuck in the mud 18 days ago

      Do u know how wealth is created? How did we get from cave men to having stuff. Do u understand the basic fundamental way an economy grows/shrinks I'm not debating your comment. I just wonder if people commenting on taxes understand economics. It's pretty basic do u know?

  • Lance August
    Lance August 21 day ago +6

    Senator Warren lied about being a native American so she could advance her career using set-asides meant to help disadvantaged native Americans. She is corrupt, dishonest, a marxist, who has no intent to help make society better. She is not a leader, as leaders do not attack successful people. Warren’s ideas are toxic, and designed to rot the economy. Her tax is un-workable and would result in billions of dollars fleeing the United States.

    • OG Jin Bling
      OG Jin Bling 21 day ago

      She should talk about reparations and meaningful sovereignty for the natives of this country. She stole their identity, at least give back.

    • Elysium Rod
      Elysium Rod 21 day ago +2

      Damn. Are you a billionaire? What's your phone number? Call me

  • Tommy
    Tommy 21 day ago +7

    Leon calling Elizabeth Warren's attitude "pissy" is spot on. I bet she barely donates any of her wealth and is probably on some sort of late stage long period.

    • Tommy
      Tommy 21 day ago

      @LurK Hard Yea you pay more in legal fees/fines if the trial lasts serval years compared to a couple weeks/months. Some of you democrats just love showing off your low IQ.

    • LurK Hard
      LurK Hard 21 day ago

      @Tommy pay more fees for winning?
      Are you high? He pleaded the 5th to avoid paying more in fines.
      Go home. You are stupid.

    • LurK Hard
      LurK Hard 21 day ago

      Sexist insult. How surprising.
      And remember to keep assuming stuff. It usually works out in the end.
      Hows about you look it up?

    • Tommy
      Tommy 21 day ago +1

      @Mr Underhill You must be delusional because you didn't even listen to this interview. Leon pleaded the 5th on the insider dealings and settled so he didn't have to pay more fees for winning because of our rigged Judicial system. He was never going to jail. A poor person wouldn't go to jail. Please seek mental help.

    • Mr Underhill
      Mr Underhill 21 day ago +1

      so you are good with the rigged system? - Leon Cooperman just got convicted for insider trading and had to pay 5 million dollars and then business as usual - unless you are a billionaire do you think you would see a jail cell if you stole a TV?

  • Gia Pacella- I'm done w Social Media account

    God Bless Leon! 💕💕💕

    • Kenneth cox
      Kenneth cox 12 days ago

      Nick Zivanovich lets not pretend that the populist outrage is watching CNBC lol. They will cherry pick this and demonize him for it

    • Nick Zivanovich
      Nick Zivanovich 19 days ago

      @Kenneth cox He just told you about it ... on the news.

    • Kenneth cox
      Kenneth cox 21 day ago +4

      He is something to aspire to be. Giving away $100m on education. That’s really cool but you won’t hear about that on the news.

    • teebone 21
      teebone 21 21 day ago +3

      poor person feeling sorry for a person who makes more in a month than you make in a year ?