On the Wealth Tax, Wall Street’s Biden Bet, and Lazard’s Challenge

John Paulson in 2016
Photo by Getty Images
William D. Cohan
September 26, 2021

Since I began writing my column for Puck, I’ve been inundated with feedback about Wall Street’s biggest characters and concerns. I’ll be engaging with some of those questions here—in addition to a few observations of my own.

Yesterday, the House Budget Committee approved Biden’s ambitious $3.5 trillion economic plan, sending it to the floor this week. Still, the legislation seems imperiled by all kinds of challenges. Was Biden too ambitious? What’s the Wall Street view?