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Cooperman, who has a net worth of $3 billion and is chief executive of Omega Advisors, asserts that the economic consequences of the pandemic will lead to economic structural reform, according to Business Insider. More specifically, he predicts increased regulation and higher taxes.

"When the government is called upon to protect you on the downside, they have every right to regulate the upside. So capitalism is changed," Cooperman said.

Additionally, Cooperman has criticized the Trump Administration’s monetary policy. The consistent cuts in the interest rate worried Cooperman and led him to believe that the economy was weak.

"Consistently low interest rates are indicative of a troubled economy and should not be viewed positively," Cooperman said.

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