News - Projekte » China inflation surges as pork prices soar

"While import growth should start to recover soon, it will take longer before export growth bottoms out," said Online Cigarettes Store USA Martin Lynge Rasmussen of Capital Economics in a report. "The mini U.S.-China trade deal reached on Friday doesn't alter the outlook significantly."

The country's politically sensitive trade surplus with the United States contracted by 16.5% from a year earlier but stood at $25.9 billion.

As the idea of levying higher taxes on the wealthy gains steam — even among the entrepreneurial class—billionaire private equity Newport Cigarettes Shop chief Stephen A. Schwarzman cited several reasons why he believes a wealth tax is a “terrible” idea.

The topic has surfaced in the 2020 Democratic primary race, with Senators Bernie Sanders and Elizabeth Warren among the contenders who have embraced a tax on the richest Americans to close the income gap and fund the government.

But Schwarzman, the CEO of The Blackstone Group and someone presumably affected by a wealth tax, laid out his reasoning behind why Cheap Newport 100s cigarettes the impact would harm the economy. During an interview at Yahoo Finance’s All Markets Summit, the billionaire predicted that a wealth tax would result in an exodus of businesses.

“They would leave,” he said.

“But what's more important is people who would come here to start businesses wouldn't come, because the success would be taxed away in a wealth tax. And so what is logical is those people would find another place to go, and there would be another ecosystem developed,” Schwarzman added.

“You would have, I think, countries offering them tax-free zones to do their business. And you would basically create a huge dislocation for the United States,” the CEO said.






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