Ken Griffin

But if you're not on a sustainable set of tax policies in the best of times, what policies will that unleash in the worst of times?

For example, will the United States head towards a wealth tax?

when the inevitable bills come due?

Will we head towards tax rates that we last saw in Europe, 60%, 70%, 80% as the inevitable bills come due?

What is the long-term consequence

of these policies right here, right now.

And I think people are very concerned about what that might be in 10 or 15 or 20 years.

How do inheritance taxes have to change in light of the tremendous amount of wealth held by the baby boomers and the tremendous amount of debt that their generation was a part of?

So I think these are going to be really interesting policy debates that will emerge seven years, 10 years, 15 years down the road, which could have some pretty adverse consequences.

I mean, particularly for American entrepreneurialism.

You know, today as an entrepreneur, you're like, if I build a great business, I will get to keep a substantial amount of wealth I create.

If you go back to a world of, you know, 70% tax rates that we had in this country in this last century...

maybe throw in a wealth tax for good measure, you may really impact that zeitgeist that is so powerful in terms of our economic prosperity.

Well, I mean, let's be clear.

The Trump administration has been able to give us a lot that we love and a lot that we hate.

Like they're an equal opportunity giver.

And on the pro side is clearly the push for deregulation is clearly a message to American, whether it's small business owners or entrepreneurs, that this country wants to see our commercial class succeed.

That's a foreign language to the Biden administration.

I mean, they had no connectivity with American business.

The Trump administration