FROM THE ARCHIVES: Anthony Scaramucci on Capitalizing with a Conscience
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Show Notes
Original air date 05-25-2019
In this episode, Josh welcomed Anthony Scaramucci to discuss the intricacies of the Opportunity Zone credit, a program aimed at incentivizing investments in economically distressed areas across the United States. Scaramucci broke down the benefits of deferring capital gains taxes and the potential for earning tax-free profits by investing in designated zones, while also addressing the slow progress and regulatory challenges that have hindered the program's full potential.
The conversation shifted to the broader political landscape, with Scaramucci sharing his insights on the then-upcoming 2020 election and the likelihood of an infrastructure deal in the prevailing political climate. He expressed frustration with the stagnation and polarization in politics, suggesting that an infrastructure deal might be the most feasible bipartisan effort. Throughout the episode, Jalinski and Scaramucci delved into various topics, including the success of Scaramucci's book "Trump, the Blue Collar President," the state of the China trade deal, and the importance of addressing human rights abuses in international relations.
As the episode concluded, Jalinski discussed the implications of including Chinese stocks in indexes and the moral issues that could be used to pressure China in trade negotiations. He also touched on the recent secure retirement bill passed by the House and its potential impact on retirement planning, particularly the "death of the stretch" provision.
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