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cailianshe news, september 14 (edited by zhao hao)american billionaire and hedge fund manager john paulson has said that if democratic presidential candidate harris implements her proposed tax plan, financial markets will collapse and the economy will fall into recession.

paulson, 68, entered the hedge fund industry in the 1990s. he shorted about $25 billion in mortgage securities during the subprime mortgage crisis and earned a huge profit of $15 billion for his clients. he is known as the "short god of wall street" and the "no. 1 in hedge funds."

paulson, 68, entered the hedge fund industry in the 1990s. he shorted about $25 billion in mortgage securities during the subprime mortgage crisis and earned a huge profit of $15 billion for his clients. he is known as the "short god of wall street" and the "no. 1 in hedge funds."

paulson is now a "super donor" to republican presidential candidate trump. earlier this year, sources revealed that if trump wins this year's election, he will recruit paulson to be the treasury secretary.

in an interview with the media on friday (september 13th) local time, paulson said that the democrats want to raise the corporate tax rate from 21% to 28%, raise the capital gains tax from 20% to 39%, and impose a 25% tax on unrealized capital gains.“if these policies were implemented, there would be no doubt that the market would collapse.”