Executive Says Business Leaders Are Optimistic About The Future | Davos 2019

Kelly Grier is the US Chairman and Managing Partner at accounting and advisory firm EY. Through access to businesses in all sectors through the services they provide, she has access to insights into what business leaders are thinking and planning. She sits down with Business Insider’s Sara Silverstein at the World Economic Forum in Davos, Switzerland.

MORE DAVOS 2019 CONTENT:
A Billionaire Investor Says The Economy Is Headed For ’20 Years Of Ugliness’ | Davos 2019

A $265 Billion Investment Chief Expects A Recession In About 18 Months | Davos 2019

Investment Banker Ken Moelis On Taxes, Regulation & Attracting Top Talent | Davos 2019

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Executive Says Business Leaders Are Optimistic About The Future | Davos 2019

An EVP At Microsoft Explains How Tech Is Changing Industries Like Farming | Davos 2019

Jean Philippe Courtois, Executive VP at Microsoft sat down with Business Insider’s Sara Silverstein at the World Economic Forum in Davos, Switzerland. He explains how tech is changing industries like farming.

MORE DAVOS 2019 CONTENT:
A Billionaire Investor Says The Economy Is Headed For ’20 Years Of Ugliness’ | Davos 2019

A $265 Billion Investment Chief Expects A Recession In About 18 Months | Davos 2019

Investment Banker Ken Moelis On Taxes, Regulation & Attracting Top Talent | Davos 2019

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#Microsoft #Davos #BusinessInsider

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An EVP At Microsoft Explains How Tech Is Changing Industries Like Farming | Davos 2019

Adam Grant Reveals What Most Leaders Get Wrong & Simple Things All Execs Should Try | Davos 2019

Adam Grant is an organizational psychologist, a Wharton professor, and the best-selling author. Grant sat down with Business Insider editor-at-large Sara Silverstein at the World Economic Forum in Davos, Switzerland to discuss how people get power, how they keep it, and what they do with it.

MORE DAVOS 2019 CONTENT:
A $265 Billion Investment Chief Expects A Recession In About 18 Months | Davos 2019

Investment Banker Ken Moelis On Taxes, Regulation & Attracting Top Talent | Davos 2019

$20 Billion Alternative Investor Shares His Favorite Long-Term Themes | Davos 2019

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#Power #Davos #BusinessInsider

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Adam Grant Reveals What Most Leaders Get Wrong & Simple Things All Execs Should Try | Davos 2019

Investment Banker Ken Moelis On Taxes, Regulation & Attracting Top Talent | Davos 2019

Ken Moelis has been in the investment banking industry for over 30 years and is the founder and CEO of investment bank Moelis & Company. Moelis sat down with Business Insider’s Sara Silverstein at the annual meeting of the World Economic Forum in Davos, Switzerland to discuss taxes, regulation, and how to attract top talent.

MORE DAVOS 2019 CONTENT:
Business Leaders Discuss Technology’s Role In Better Capitalism | Davos 2019

A $736 Billion Investor Says The Market Is Predicting An Economic Slowdown | Davos 2019

Wall Street Weighs In On AOC’s Proposed 70% Marginal Tax Hike | Davos 2019

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#Taxes #Davos #BusinessInsider

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Investment Banker Ken Moelis On Taxes, Regulation & Attracting Top Talent | Davos 2019

Wall Street Weighs In On AOC’s Proposed 70% Marginal Tax Hike | Davos 2019

One of the hottest topics at the World Economic Forum in Davos, Switzerland has been Alexandria Ocasio-Cortez’s proposed 70% marginal tax rate on all income above $10 million. There have been many headlines out of Davos with business leaders calling the proposed tax disastrous, scary, and saying it will have a huge impact on the economy. We sat down with three financial heavyweights to find out what they think everyone is missing about this discussion. The general consensus was that while such a hefty tax would hurt the economy, it simply doesn’t effect enough people to be a major issue.

Moelis & Co. founder and CEO Ken Moelis says there isn’t a problem with a high tax on income above $10 million dollars because there isn’t that much income to tax above that level. Marginal tax rates need to start around $250,000 in order to have an impact.  And a 70% tax rate at that level “would crush the economy.”

Guggenheim Partners global CIO Scott Minerd agrees that the amount brought in by a 70% tax above the $10 million income level won’t make enough of a difference even if you assume people will pay it. But Minerd says historically when we have had high marginal tax rates wealthy people have sheltered their income.

Bob Prince, the co-CIO of Bridgewater — the largest hedge fund in the world — says this tax won’t be good because it won’t solve many problems.

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#AOC #Davos #BusinessInsider

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Wall Street Weighs In On AOC’s Proposed 70% Marginal Tax Hike | Davos 2019