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Skybridge Capital founder: Trump's tax cuts and business-friendly regulation initially seemed beneficial, but the current agenda threatens the dollar

Skybridge Capital founder: Trump's tax cuts and business-friendly regulation initially seemed beneficial, but the current agenda threatens the dollar

CointimeCointime2024/07/18 02:01
By:Cointime

Anthony Scaramucci, founder and CEO of Skybridge Capital, criticized billionaires who support former US President and presidential candidate Donald Trump based on his own experience. Scaramucci believes that while tax cuts and business-friendly regulations may have seemed beneficial at first, the current agenda threatens the dollar, the constitution, the judiciary, and the international order, comparing it to anarchic Christian populism close to fascism. He warned that a depreciation of the dollar could destabilize the global capitalist system and emphasized the danger of current deficit spending. He called for cautious action and responsible reform, without overemphasizing systems that benefit many people.

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