Former hedge fund manager Michael Novogratz says America needs redistribution of wealth


Michael Novogratz, CEO of Galaxy Investment Partners

Adam Jeffery | CNBC

Macro trader turned bitcoin bull Michael Novogratz is calling for fixes to capitalism — and a possible tax on Wall Street.

The former Fortress hedge-fund manager pointed to a rising income gap and lack of investment in public education in the United States. One place to start could be a “controversial” Wall Street transaction tax, which would also extend to cryptocurrency trades.

“I think you…


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