Free Republic

Guggenheim's Scott Minerd made frequent media appearances and commentary on markets ... Guggenheim managing partner and global CIO Scott Minerd has passed away unexpectedly, the financial services company announced Thursday. Minerd died Wednesday afternoon from a heart attack during a regular workout routine, the company said. He was 63 years old. ... Minerd enjoyed notoriety outside his company through media appearances and commentary on market forces for news outlets, including FOX Business Network.

The elite financiers attending Davos are worried about the 70 percent tax rate on earnings above $10 million proposed by freshman Rep. Alexandria Ocasio-Cortez, D-N.Y. "It's scary," Scott Minerd, global chief investment officer for $265 billion Guggenheim Partners, said in an interview on the sidelines of the World Economic Forum in Davos, Switzerland. "By the time we get to the presidential election this is going to gain more momentum," said Minerd, who added that he would probably be personally impacted by it. "And I think the likelihood that a 70 percent tax rate, or something like that, becomes policy is...