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submitted 1 year ago by runiq@feddit.de to c/politics@beehaw.org

Billionaire Leon Cooperman was on the verge of tears while speaking about his concern about "the lefties" and their progressive outlook on capitalism.

"I've lived the American dream. I'm trying to convince people like [Senators] Elizabeth Warren, Bernie Sanders and AOC (Rep. Alexandria Ocasio-Cortez)—don't move away from capitalism. Capitalism is the best system," Cooperman said on CNBC's Squawk Box on Friday while holding back tears. "I get choked up when I talk about it because basically, my father came to America at the age of 12 as a plumber's apprentice. No education."

"I went to public school in the Bronx, high school in the Bronx, college in the Bronx. I started my career in Wall Street the day after I got my MBA from Columbia. I had no money. I couldn't afford a vacation. I made a lot of money. I'm giving it all back," Cooperman said before co-anchor Rebecca Quick stepped in as he choked up.

"Giving it all back?" Give me a fucking break, asshole.

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[-] KevonLooney@lemm.ee 19 points 1 year ago

No, he probably doesn't know. It's been decades since he had any real "economic anxiety". His type of budgeting and belt tightening is renting out his yacht when he's not using it, or staying at his current vacation homes instead of buying new ones.

He literally doesn't know what the average person experiences, so we shouldn't listen to him for advice.

[-] tryptaminev@feddit.de 8 points 1 year ago

he made his billions at wall street and is an educated economist. He knows exactly how the system runs and how it fucks people over. He is investing in the system to be like this after all.

this post was submitted on 09 Sep 2023
298 points (100.0% liked)

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