Some Wall Street investors and Democratic donors sharply criticized progressive ...
NEW YORK - Some Wall Street investors and Democratic donors sharply criticized progressive firebrand Elizabeth Warren’s policies on issues from taxation to affordable healthcare because they are impractical.
“Her policies scare the heck out of every wealthy guy I know,” said Mike Novogratz, CEO of Galaxy Digital, which invests in cryptocurrency and blockchain. But he added: “They don’t scare me as much because I don’t think they’re practical.” Novogratz has donated to Warren’s rivals, including South Bend, Indiana Mayor Pete Buttigieg.
“Senator Warren is saying things that are difficult to enact, and I don’t know how you end up paying for them,” said Marc Lasry, chairman at Avenue Capital Group, who has donated to several of Warren’s opponents for the Democratic nomination. The Democratic senator has also proposed spending $20.5 trillion on a Medicare for All healthcare plan and several trillion more to make public colleges free, cancel some student loan debt, combat climate change, build affordable housing and increase social security benefits for retirees and other groups.
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