Moelis CEO Sees a Potential 70% U.S. Tax Rate as 'Disastrous'

The transcript covers a range of topics including the significance of Davos, economic policies, and the impact of taxation on the economy. It discusses the political landscape's influence on business, particularly in the context of the 2020 election and rising nationalism. The conversation also touches on cross-border deals, Brexit, and the potential for banking consolidation. Finally, it addresses strategies for increasing market share and firm growth, emphasizing the importance of client relevance and innovation.

What is the perceived role of Davos according to the discussion?

• A center for financialized economies

• A hub for middle-class interests

• A counter-reaction to global events

• A place to support global policies

What is a key concern about financialized economies in the US?

• They encourage high tax rates

• They reduce the wealth gap

• They are not suitable for working people

• They benefit the middle class

What potential impact does a 70% marginal tax rate have according to the discussion?

• It would boost the economy

• It would be disastrous for the economy

• It would have no effect

• It would only affect the middle class

How does nationalism affect cross-border dealmaking?

• It simplifies the process

• It has no impact

• It complicates the process

• It encourages more deals

What is the expected outcome of a hard Brexit on dealmaking?

• No impact

• Increased investments in England

• Immediate resolution

• A quick repair job

What is the main concern regarding the Fed's current actions?

• Reducing market volatility

• Increasing liquidity too quickly

• Trimming the balance sheet too fast

• Raising rates too slowly

What strategy is emphasized for increasing a firm's market share?

• Increasing client relevance

• Reducing employee numbers

• Focusing on large acquisitions

• Expanding into new markets