Carl Ichan goes on a rant about the United States
Eamonn highlighted the video that Carl Ichan published on his website. If you haven't seen it yet, it's well-produced and touches on a lot of the hot-button topics that have been simmering for awhile.
He makes a few points:
- Donald Trump will stand up to the wealthy and end tax loopholes for the rich, that's essential
- Corporate taxes on repatriating foreign income need to end
- Short-term thinking is dominating corporate boardrooms
- QE has led to financial engineering, earnings right now are misleading
- The Fed is creating bubbles and needs to raise rates
- High yield is being pushed on mom and pop investors, it won't end well
- A time is coming that might make previous crisis' look pleasant
- Politicians and CEOs have taken advantage of the system
