Aperture CEO Kraus Says Wealth Tax Won’t Happen

The transcript discusses the impact of taxes on the investor class, particularly at the state and local levels, and the potential reinstatement of tax deductions. It explores the challenges faced by cities like New York and London in retaining workforce and revenue, highlighting the possibility of economic shifts from financial to tech industries. The discussion emphasizes the resilience and adaptability of large cities, despite current challenges, and anticipates a return to normalcy post-pandemic.

What is a potential consequence of not reinstating state and local tax deductions?

• Lower corporate taxes

• Decline in city revenues

• Increased investor confidence

• Higher federal taxes

Which industry might replace the financial sector as a leading revenue source in New York?

• Healthcare

• Technology

• Tourism

• Manufacturing

What challenge is London facing that is different from New York?

• Declining population

• Job relocation

• High tax rates

• Brexit

What is a reason people are still attracted to living in large cities?

• Lower cost of living

• Rural lifestyle

• Less crowded spaces

• Economic growth and excitement

What is expected to help cities return to normality after the pandemic?

• Reduced population

• More remote work

• A vaccine

• Increased taxes