(Yahoo) Capitalism as we know it will "likely change forever" in a post-coronavirus world, billionaire investor Leon Cooperman said on CNBC's "Squawk Box" segment Thursday.
Cooperman offered a handful of predictions on how the world will change once the coronavirus pandemic shifts away from the quarantine and stay-at-home phase:
1. Capitalism will change, as the government is attempting to protect the public from downside —which implies it has "every right" to regulate upside.
2. Taxes will "have to" go up and will do so "quickly" under a Joe Biden administration and "slowly" if Trump wins the election.
3. Low interest rates will not be viewed positively.
4. Demand for sporting events and concerts will rise slowly and even when there is a vaccine the public will need to carry some sort of "vaccination card."
5. Parts of the U.S. will likely reopen in May but an overall recovery will be slow.
