Wall Street is getting nervous aboutElizabeth Warren's surging poll numbers.<\/p>\n
Billionaire Paul Tudor has joined the list of financial big-wigs who predict a stock market crash if theMassachusetts senator wins the presidency.<\/p>\n
Tudor is certain that theS&P 500 index, which recently reached a new all-time high, could plunge by an eye-popping 25 percent if Warren gets past the much-coveted 270 electoral votes, Market Watch reports.<\/p>\n
Meanwhile, another billionaire hedge fund manager Steve Cohen believes that the fallout could start happening even if she wins the Democratic party'snomination, predicting double-digitlosses for stock market investors.<\/p>\n
Warren is known as a hard-liner when it comes to the super-rich. She's had spats with JPMorgan CEO Jamie Dimon and Facebook boss Mark Zuckerberg (to name a few).<\/p>\n
Her proposed \"wealth tax\" would impose an annualtwo percent levy on households whose net worth exceeds $50 mln (those who are worth more than $1 bln have to shell out three percent).The lawmakerbelieves that this initiative would help the government fund different programs in the realm of education, medical care, and environmental protection.<\/p>\n
Warren's crackdown on the onepercentis perceived as quite extreme even within her own party. During his recent appearance on CNBC's \"Squawk Box,\"Democrat Ron Baron said that her wealth-tax was \"pretty nuts.\"<\/p>\n
\"Warren says if you're successful because this country has allowed you to be successful ... then you shouldn't be as successful as you are,\" said Baron.<\/p>\n
However, it might be too far-fetched to paint Warren as a Marxist insurgent. As a former Republican, she described herself as a capitalist \"to her bones\" unlike her Democratic rival Bernie Sanders who doesn't shy away from democratic socialism.<\/p>\n
<\/p>\n
See original here:<\/p>\n