A Cheerleader for Capitalism Growing a Bit Testy

Sam Pizzigati

Sam Pizzigati Editor, Too Much online magazine

Hedge fund investor Leon Cooperman is getting angry again. He seems to do that early on in every presidential election cycle. Back in 2015 Cooperman objected to the attacks on hedge fund tax breaks he was hearing in the Democratic primary race. Blasted back Cooperman in a CNN interview: “I don’t need anybody crapping all over what I do for a living.” Late last month, in a CNBC interview, the 76-year-old attacked the calls for taxing America’s rich he’s hearing from candidates like Bernie Sanders and Elizabeth Warren. Pronounced Cooperman: “All in all, I’m not in favor of raising taxes. Taxes are high enough. I think it’s counterproductive to look to the wealthy people across the board.” Adds the former Goldman Sachs exec: “We have the best economy in the world. Capitalism works.” Our economic order certainly works for Cooperman. His current net worth: $3 billion.

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Sam Pizzigati edits Too Much, the online weekly on excess and inequality. He is an associate fellow at the Institute for Policy Studies in Washington, D.C. Last year, he played an active role on the team that generated The Nation magazine special issue on extreme inequality. That issue recently won the 2009 Hillman Prize for magazine journalism. Pizzigati’s latest book, Greed and Good: Understanding and Overcoming the Inequality that Limits Our Lives (Apex Press, 2004), won an “outstanding title” of the year ranking from the American Library Association’s Choice book review journal.

Posted In: Union Matters

Union Matters

He Gets the Bucks, We Get All the Deadly Bangs

Sam Pizzigati

Sam Pizzigati Editor, Too Much online magazine

National Rifle Association chief Wayne LaPierre has had better weeks. First came the horrific early August slaughters in California, Texas, and Ohio that left dozens dead, murders that elevated public pressure on the NRA’s hardline against even the mildest of moves against gun violence. Then came revelations that LaPierre — whose labors on behalf of the nonprofit NRA have made him a millionaire many times over — last year planned to have his gun lobby group bankroll a 10,000-square-foot luxury manse near Dallas for his personal use. In response, LaPierre had his flacks charge that the NRA’s former ad agency had done the scheming to buy the mansion. The ad agency called that assertion “patently false” and related that LaPierre had sought the agency’s involvement in the scheme, a request the agency rejected. The mansion scandal, notes the Washington Post, comes as the NRA is already “contending with the fallout from allegations of lavish spending by top executives.”

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Corruption Coordinates

Corruption Coordinates