Barry Sternlicht on corporate taxes
From Why Barry Sternlicht Can't Decide Who to Vote for in 2020 Election · · Bloomberg Television
“When he cut corporate taxes he could have tied he could have tied that to job creation in the United States there could have been a more direct link to bring you back jobs you have an opportunity now because I think the one thing the pandemic showed is that our supply chains are too long and there and and that we've outsourced key things that we need that we never thought were key whether it was mass for ventilators or other PPP equipment.”
On , Barry Sternlicht, Chief Executive Officer & Non-Independent Executive Chairman of the Board at STARWOOD PROPERTY TRUST INC, spoke about corporate taxes during Why Barry Sternlicht Can't Decide Who to Vote for in 2020 Election on Bloomberg Television.
About Barry Sternlicht
Barry Sternlicht, chairman and CEO of Starwood Capital Group, discussed his company's expansion into AI data center infrastructure during an interview at the Milken Institute Global Conference. He said that Starwood has been investing in data centers for five years and is working on its first data center project in Australia, citing activity by hyperscalers in Europe and Asia. Sternlicht noted that development yields and interest rates in Australia are similar to those in the U.S. and described the firm as agnostic about geography. Sternlicht also expressed concern about wealth disparity in the United States, stating that "half the country isn't doing so great" and that this could affect politics, real estate, and taxes. He said Starwood has "shied away from blue states lately because of their propensity to tax businesses and individuals," pointing to higher growth rates in Sun Belt states such as Nashville, Dallas, Atlanta, Raleigh, and Florida. On monetary policy, he argued that if oil prices spike, the Federal Reserve should lower rates to support interest-rate-sensitive parts of the economy like housing.