Sam Zell is one of the largest and most accomplished real estate tycoons in our country’s history. The volume and sheer dollar amounts of his real estate holdings over the last 50 years even make President Trump’s holdings seem small by comparison.
Sometimes called the founding father of the modern real estate industry because of his taking the real estate industry into public markets. Zell is one of the world’s leading expert’s on finance. When asked about President Trump’s intention to lower the corporate tax rate rate from the current, world’s highest, 35% rate down to 15% or 20%, Zell was quick to explain how this will not only expand the U.S. economy but bring trillions of dollars that have been parked overseas to avoid taxation, back into the economy.
Fox News reports:
“Two trillion dollars offshore belong to Apple and various other people, offshore because it would otherwise get taxed at 35% doesn’t make any sense. That money should be back in the United States. Should be promoting and helping our society and we shouldn’t have the equivalent of punishment for making money offshore and bringing it home. Do I think that’s likely to change? Yes,” Sam Zell told Fox Business’ Maria Bartiromo of Wall Street Week.
One way the Equity Group Investments founder believes Trump can bring those profits back to the United States is by lowering the corporate tax rate, something he believes has a good chance of amassing a majority of support in Congress.
“Lowering the corporate rate from 35 to 15 and 20 likelihood, high. Why? Because 35 is the highest rate in the world and makes no sense for the U.S. to have corporate interest rates higher than everywhere else in the world. So the chances of that kind of a change, I think are significant,” he said.
**The liberals and Crooked Liberal Media don’t want the people to know the truth. They would rather control the peoples thoughts and actions, even if it keep the nation from prospering as it should.
Please listen to what Sam Zell has to say and then SHARE this on Facebook and Twitter with everyone you know! (VIDEO BELOW)
Source: Fox News