Billionaire Carl Icahn is getting a thumbs up from experts when he said Tuesday that taxes should be raised for hedge fund managers and lowered for corporations while endorsing Donald Trump for the 2016 presidential election.
The 79-year-old American business magnate recognized the frustration of the middle class in this situation in a video that is now making rounds online.
"The middle class guy who's making $50,000 a year realize, 'I'm being taken advantage of,'" Icahn says in the video before adding, "He can read. He can understand. Ya know, in czarist Russia, they had to have a revolution. And then the czars would bring out the machine guns and mow them down. All these guys have to do is vote."
With this, Icahn said that it is time to modify the tax code and increase the taxes investment professionals are tasked to settle, and according to USA Today, experts also agree with Icahn's sentiments.
"People on Wall Street, they're good friends of mine, I like them. But not having to pay full taxes on the money that you're earning is an absurdity," the Icahn Enterprises founder notes in the video.
Icahn then segues from his tax concerns to endorsing 2016 presidential candidate Donald Trump, saying that the latter is the man America needs to sort out its problem.
"We need a president that can move Congress, and I think Donald Trump could do it," Icahn was quoted as saying by CNN Money.
Icahn is also channeling how straightforward Trump is when he said that his gesture is, in all actuality, an endorsement.
"I think at this moment in time, he's the only candidate that speaks out about the country's problems," Icahn said. "I'm behind Trump."
Icahn's statement comes amid Trump's public courting of the former to be part pf his Treasury secretaries. At first Icahn was reluctant to accept Trump's offer, but he was singing a different tune early August when he wrote on social media, "After last night's debate, I decided to accept @realDonaldTrump offer for Secretary of Treasury," as quoted by WND.
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