Western Union CEO On Migration, Diversity & The Future Of Payments | Davos 2019

Hikmet Ersek is the CEO of Western Union. Ersek, a citizen of Austria and Turkey, draws on his international background to speak out publicly for the rights of migrants and refugees. Ersek sat down with Business Insider’s Sara Silverstein at the World Economic Forum in Davos, Switzerland to discuss the future of payments.

MORE DAVOS 2019 CONTENT:
$20 Billion Alternative Investor Shares His Favorite Long-Term Themes | Davos 2019

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

Business Leaders Discuss Technology’s Role In Better Capitalism | Davos 2019

——————————————————

#WesternUnion #Davos #BusinessInsider

Business Insider tells you all you need to know about business, finance, tech, retail, and more.
Subscribe to our channel and visit us at: https://read.bi/7XqUHI
BI on Facebook: https://read.bi/2xOcEcj
BI on Instagram: https://read.bi/2Q2D29T
BI on Twitter: https://read.bi/2xCnzGF

————————————————–

Western Union CEO On Migration, Diversity & The Future Of Payments | Davos 2019

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

Scott Minerd oversees $265 billion in assets as global CIO of Guggenheim Partners. He sat down with Business Insider’s Sara Silverstein at the World Economic Forum in Davos, Switzerland to discuss why he expects a recession in about 18 months.

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

Business Leaders Discuss Technology’s Role In Better Capitalism | Davos 2019

Henry Blodget Leads A Panel On Facial Recognition Technology | Davos 2019

——————————————————

#Recession #Davos #BusinessInsider

Business Insider tells you all you need to know about business, finance, tech, retail, and more.
Subscribe to our channel and visit us at: https://read.bi/7XqUHI
BI on Facebook: https://read.bi/2xOcEcj
BI on Instagram: https://read.bi/2Q2D29T
BI on Twitter: https://read.bi/2xCnzGF

————————————————–

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

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

——————————————————

#Taxes #Davos #BusinessInsider

Business Insider tells you all you need to know about business, finance, tech, retail, and more.
Subscribe to our channel and visit us at: https://read.bi/7XqUHI
BI on Facebook: https://read.bi/2xOcEcj
BI on Instagram: https://read.bi/2Q2D29T
BI on Twitter: https://read.bi/2xCnzGF

————————————————–

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.

——————————————————
#AOC #Davos #BusinessInsider

Business Insider tells you all you need to know about business, finance, tech, retail, and more.
Subscribe to our channel and visit us at: https://read.bi/7XqUHI
BI on Facebook: https://read.bi/2xOcEcj
BI on Instagram: https://read.bi/2Q2D29T
BI on Twitter: https://read.bi/2xCnzGF

————————————————–

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