The economy has severely suffered during Joe Biden and Kamala Harris’s time in power. Inflation has skyrocketed to unprecedented levels, and millions of Americans are struggling just to put food on the table.

This has made it all the more infuriating that Harris and her fellow Democrats are trying to portray her as someone who will benefit the economy. The reality, however, could not be further from the truth. In fact, the economy would likely get even worse if Harris wins this election.

The hedge fund billionaire John Paulson knows this all too well. That’s why he’s already preparing to take drastic action if Harris wins this election over Donald Trump.

Paulson is planning to pull his money out of the market if Harris comes out victorious. He’s also warning that other investors will be spooked by her ridiculous economic policies as well.

From Fox Business:
“Well, I would say it very much depends on who’s in the White House and who controls Congress,” Paulson replied. “I’d be very concerned if Harris is elected and pursues the tax plans and other economic plans that she articulated.”

Paulson said during the interview that former President Trump and Harris’ plans for the economy are very different, noting that Trump wants to extend the 2017 tax cuts implemented during his term in office while Harris wants to let them expire. He also noted that Harris has proposed raising the corporate tax rate from 21% to 28% and wants to raise the capital gains rate from 20% to 28%.

The billionaire pointed to Harris’ proposed 25% tax on unrealized gains for individuals with a net worth of $100 million or more, and he predicted that, if implemented, it “would cause mass selling of almost everything – stocks, bonds, homes, art – I think it would result in a crash in the markets and an immediate, pretty quick recession.”

Harris Could Do Tons Of Damage To The Economy

There’s no telling the damage that Harris would do to the American economy if she gets elected. Things have been bad enough economically with Biden in office. Given how radically liberal Harris has shown herself to be, however, they can also get a whole lot worse.

Since becoming the presumptive Democratic presidential nominee, Harris has attempted to portray herself as a moderate. Despite this, her history shows that she’s someone who will always prioritize her woke agenda above anything else. Indeed, it’s clear that boosting the American economy is one of Harris’ last priorities.

Any so-called “experts” who are claiming that a Harris presidency would be beneficial to the economy are just spreading blatant propaganda. There’s nothing in her track record that gives any indication that she will be able to turn the currently floundering Biden-Harris economy around.

In contrast, the economy was far better off in a variety of ways when Trump was in office. Trump runs this country like a business, which is exactly what the American economy needs right now.

Harris and her fellow Democrats shouldn’t be surprised if many other billionaires have the same contingency plan in place as Paulson’s when it comes to her potential victory. In the end, a Harris economy must be feared and avoided at all costs.

Key Takeaways: 

• Billionaire John Paulson to pull his money from the market if Harris wins.
• The economy has gone to shambles under Biden and Harris.
• There’s no telling the damage that Harris would do to the economy.

Source: Fox Business