![]() This is not in the public interest.Ĭooperman, the son of a South Bronx plumber, likes to point out that he attended New York Citys public schools and got his undergraduate his undergraduate degree from Hunter College, part of the City University of New York. The high-frequency traders are turning the best capital market in the world into a casino and scaring the public, he told his clients. 9: Last, he would ban or curtail high-frequency trading and limit the trading of credit default swaps to those that own the underlying bonds. He offers no specific recommendations, though. 7: He would then institute a 5 percent value-added tax similar to the European model to rein in the underground economy and help reduce the deficit. 6: Cooperman would also levy a 10 percent surtax for three years on individuals earning more than $500,000 per year. However, he would exclude those who work at hard-labor jobs such as coal mining. 5: Freeze entitlements and raise the Social Security retirement age to 70. 4: In his fourth point, he asserts that government spending should be limited to a growth rate of at least 1 percent below the level of nominal GDP growth. 3: Cooperman also wants to unleash the domestic energy industry to develop supplies and reserves, with the goal of ending dependency on foreign oil. 2: He would use some of the savings from leaving those two wars to create a Works Progress Administration, similar to the one established by Roosevelt during the Great Depression, to rebuild the nations infrastructure. He then would give every returning soldier a free four-year education at a college or trade school of his or her choice. 1 on his list: Get all troops out of Iraq and Afghanistan. Since Im not cut out for politics, lets both find the person who will support the following program and work hard for him or her, he told clients. The plan is a healthy mixture of Franklin Roosevelt, Ron Paul, Sarah Palin and Barack Obama. ![]() The plainspoken New York native, 68, who never shies from giving his opinion, nevertheless fired off a nine-point presidential plan, challenging some politician to take it and run with it. Is Leon Cooperman planning to run for president of the U.S? In a conference call with investors last week, the fed-up founder of New York hedge fund firm Omega Advisors threatened to throw his hat into the ring.Ĭooperman insists that he was not kidding but was talked out of it by his spooked investors, who urged him to continue managing their money.
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